The production of dairy spreads in Spain exhibited a fluctuating trend over the past decade. The actual year-on-year variations have seen significant peaks and troughs, with notable highs in 2017 at 13.13% and lows in 2022 at -9.51%. The compound annual growth rate (CAGR) over the last five years has been -0.83%, reflecting this volatility. However, 2023 marked a modest recovery with production standing at 48.9 thousand metric tons, a 3.43% year-on-year increase from 2022.
Looking forward, the forecast indicates a steady positive trend with a five-year CAGR of 0.75%. By 2028, production is expected to increase to 51.25 thousand metric tons, representing a total growth rate of 3.79% from the 2023 level.
Future trends to watch for include potential impacts from changes in consumer preferences, technological advancements in dairy production, and regulatory shifts which could either hinder or further boost production levels.
