The value of imports for parts of electric motors and generators to Spain has consistently declined from 2013 to 2023. The import value stood at 188.07 million USD in 2023, reflecting an 8.12% decrease from the previous year. Over the past two years, the imports dropped by 15.44%. The compound annual growth rate (CAGR) over the last five years was -8.28%, indicating a steady downward trend.

Future trends to watch for:

An anticipated average annual decline of 9.82% from 2024 to 2028.
A projected overall reduction of 40.36% in import value by 2028.
Potential factors influencing this trend include advancements in domestic manufacturing capabilities and shifts in global supply chains.