The sold production of shaped and processed flat glass in Spain has shown significant variation between 2013 and 2023. The value stood at 1276.8 Million Euros in 2023. Key highlights include a notable increase in 2021 (28.13% year-on-year) after a decline in 2020 (-9.99% year-on-year) likely due to the COVID-19 pandemic. Over the last five years, the compound annual growth rate (CAGR) was 4.19%, indicating a steady upward trend.
From 2024 onwards, the forecast data suggests a continuation of growth, albeit at a slower pace with a CAGR of 1.7% over the next five years, culminating in a forecasted value of 1421.0 Million Euros by 2028.
- 2013-2023 saw fluctuating growth, with a five-year CAGR of 4.19% up to 2023.
- 2024-2028 forecast suggests slower growth with a CAGR of 1.7%.
Future Trends to Watch For: It will be important to monitor economic recovery impacts post-pandemic, advancements in glass processing technologies, and demand changes driven by construction and automotive industries.
