The import of complex fluorine salts to Spain stood at 14.0 million USD in 2023. The forecast for 2024 is 14.302 million USD, indicating a year-on-year increase of approximately 2.16%. Projections for subsequent years show continued growth, with 2025 expected to see a 2.35% increase to 14.63 million USD, 2026 with a 2.15% rise to 14.95 million USD, 2027 with a 2.11% increase to 15.265 million USD, and 2028 with a 2.02% rise to 15.573 million USD. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is estimated to be around 2.16%.
Future trends to watch for include:
- Potential shifts in global trade policies that could impact import tariffs and regulations.
- Technological advancements in the chemical industry that might affect the demand for fluorine salts.
- Environmental regulations and sustainability initiatives that could alter market dynamics.
- Fluctuations in raw material prices and their impact on import volumes and values.