The domestic extraction of precious metals in Spain showed significant variations across the analyzed period. Starting from a low base in 2013, the sector experienced a drastic rise in 2016 with a year-on-year increase of 268.68%, maintaining higher levels until it peaked in 2021 at 7.64 thousand metric tons. However, the sector saw a substantial decline by 2022, dropping 30.33% year-on-year, continuing to decrease slightly into 2023 at 5.19 thousand metric tons. The Compound Annual Growth Rate (CAGR) has also varied dramatically, with a noteworthy decline of -5.56% over the past five years.

Future trends to watch for:

Continuous decline: Forecasts project a steady year-on-year decrease, with a projected average annual decline of 2.07% until 2028.
Market volatility: Fluctuating precious metal prices and extraction costs may further impact extraction volumes.
Regulatory changes: Potential changes in environmental regulations could affect industry operations and lead to further reductions in extraction levels.