The production of unwrought aluminium alloys in Spain showed significant fluctuations over the observed period. From 2016 to 2020, there was a noticeable decline with the most substantial drop of 26.74% in 2020. However, the market exhibited recovery signs between 2020 and 2023, achieving a modest 0.01% year-on-year growth in 2023. In 2023, the production stood at 572,880,000 kilograms. The 5-year CAGR from 2019 to 2023 was -4.87%, indicating a generally declining trend.

Future trends indicate stability with a slight upward movement. The forecasted 5-year CAGR from 2024 to 2028 is projected at 0.01%, suggesting a plateau effect with minimal growth, translating into a forecasted output of 573,140,000 kilograms by 2028.

Trends to watch for:

Stabilization of production levels post-2023, indicating possible market equilibrium.
Potential technological advancements and sustainability measures in aluminium production.
Watch for global market demand and trade policies that could impact future production in Spain.