The sold production of electronic and electric wires in Spain has shown significant fluctuations over the past decade. From a high of 323.69 million kilograms in 2020, the volume drastically decreased to 96.97 million kilograms in 2021 before beginning a modest recovery to 105.49 million kilograms in 2023. Looking forward, the volume is expected to increase steadily, reaching 123.29 million kilograms by 2028, resulting in a forecasted CAGR of 2.47% over the next five years.
Year-on-year variations have exhibited volatility, with the most notable drop of 70.04% in 2021. The most recent two years have shown moderate positive growth, with 5.01% in 2022 and 3.6% in 2023. The average variation per year (CAGR) over the last five years is -17.3%, reflecting the significant downturn in 2021.
Future trends to watch for include potential technological advancements, regulatory changes, and market demand shifts that could impact production volumes. Additionally, the industry's recovery trajectory post-2021 suggests a stabilizing market with opportunities for growth. Monitoring global supply chain disruptions and raw material price fluctuations will also be crucial.
