The production of aluminium tubes and pipes in Spain experienced significant volatility from 2013 to 2023. Production started at zero from 2013 to 2015, surged sharply in 2016, and peaked in 2017. This was followed by fluctuating yearly values with peaks and troughs. In 2023, the production stood at 695,930 kilograms, showing a slight increase of 0.13% from the previous year but an overall downward trend with a CAGR of -3.16% over the past five years.
Key Variations over the Years:
- 2017: +29.56% YoY
- 2018: -32.7% YoY
- 2019: +3.43% YoY
- 2020: -10.89% YoY
- 2021: +15.27% YoY; 5-Yr CAGR: -1.52%
- 2022: -19.93% YoY; 5-Yr CAGR: -10.56%
- 2023: +0.13% YoY; 5-Yr CAGR: -3.16%
- 2028 Forecast: 5-Yr CAGR: +0.01%
The forecast from 2024 to 2028 predicts a period of stabilization with only minimal growth, culminating in a CAGR of 0.01%. Key future trends to watch for include potential advancements in manufacturing technologies, shifts in market demand due to industry changes, and economic factors impacting production costs and output. Environmental regulations and sustainability efforts could also significantly impact future production levels.
