The copper plates, sheets, and strip market in Spain has experienced varied growth from 2013 to 2023. Notably, market volume reached 20.029 million kilograms in 2023, reflecting a 3.98% year-on-year increase. Over the last five years, the compound annual growth rate (CAGR) was relatively stable at -0.23%. Historical trends indicate significant fluctuations, such as peaks in 2016 with a substantial 18.1% increase and troughs in 2020, when the market contracted by 15.4%.
Forecasts from 2024 onwards suggest modest growth, with a 5-year CAGR of 0.58%, projecting the market volume to reach 20.777 million kilograms by 2028. Market analysts should watch for:
- The impact of technological advancements in copper production processes.
- Shifts in demand driven by industrial and construction sector performance.
- Potential economic policies affecting metal trade and affordability.
