From 2013 to 2023, the sold production of iron, steel, and ferro-alloys in Spain showed fluctuations. Noteworthy, the value hit a low in 2020 with a significant year-on-year decline but rebounded strongly in 2021. By 2023, Spain's production volume reached 11.559 billion kilograms. The last two years witnessed growth rates of 5.08% and 12.19%, respectively. The CAGR over the last five years stood at 1.72%, demonstrating moderate growth.
Moving forward, forecasted data anticipates a steady upward trend, with a significant average annual growth rate of 4.49% from 2024 to 2028, culminating in a volume of 15.361 billion kilograms by 2028. Future trends to watch for include increased demand driven by infrastructure development, technological advancements in production, and potential impacts of environmental regulations on the industry.
