The Manufacture of Structural Metal Products sector in Spain experienced growth from 2013 to 2019, peaking at 11.84 Billion Euros in 2020. However, since then, the sector has faced a declining trend, with 2023 production at 9.76 Billion Euros, reflecting a 6.39% decrease from the previous year. This decline continues into the forecasted years, with a forecasted annual average decrease (CAGR) of -6.43%, dropping to 6.53 Billion Euros by 2028.
Future trends to watch include potential impacts of technological advancements that could improve efficiency, market demand fluctuations due to economic factors, and the influence of sustainable practices and policies within the industry.
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