The production value of rubber tyres and tubes in Spain stood at 2.99 billion Euros in 2023. Over the last two years, there was a 3.36% increase in 2023 and a 5.14% increase in 2022. The compound annual growth rate (CAGR) over the last five years was approximately -0.15%. The year-on-year variations showcase significant fluctuations, most notably a sharp decline of -15.05% in 2020, followed by a recovery phase. From 2024 onward, the forecast indicates steady, albeit moderate, growth with a 5-year CAGR of 0.19% and a cumulative growth rate of 0.94% by 2028.
Future trends to monitor include the potential impact of new environmental regulations on production processes, advancements in tyre and tube technology, shifts in global supply chains, and changes in domestic and international demand. These factors will significantly influence the production value trajectory in the coming years.
