The copper turnover in Spain is forecasted to grow from €5.34 billion in 2024 to €5.59 billion in 2028. In 2023, the copper turnover stood at €5.27 billion. The year-on-year variation indicates a steady but moderate growth of around 1.31% annually over the forecast period, with the Compound Annual Growth Rate (CAGR) calculated at approximately 1.48% over the forthcoming five years.
Future trends to watch for include:
- Global demand for copper, driven by technological advancements in renewable energy and electric vehicles.
- Geopolitical factors that could impact the supply chain and global trade.
- Domestic economic conditions and industrial activity within Spain that could influence local demand for copper.
