In the Manufacture of Cement, Lime, and Plaster sector in Spain, the value stood at 1.82 Billion Euros in 2023. There has been a general declining trend in the sector from 2013 to 2023, with notable fluctuations. The only significant increase within this period occurred between 2017 and 2018, when the value rose by 14.05%. However, this was followed by declines, with a -1.45% year-on-year decrease recorded in 2023. Over the last two years, the sector saw a -1.78% decline in 2022 and a -1.45% in 2023. The five-year compound annual growth rate (CAGR) from 2018 to 2023 was -3.84%, indicating a continual decrease over this period.
Forecasts from 2024 predict a steady decline, with the value expected to decrease by -0.57% CAGR over the next five years, reaching 1.75 Billion Euros by 2028, representing an overall five-year growth rate of -2.82% from 2023.
Future trends to watch for include the impact of economic policies on infrastructure spending, advancements in sustainable building materials, and fluctuations in demand due to changes in the real estate market. It will also be essential to monitor any innovative technologies or practices that could enhance efficiency and reduce costs within the sector.
