In 2023, copper secondary refinery production in Spain stood at 83.19 thousand metric tons, marking a year-on-year increase of 0.8%. Over the last five years, the compound annual growth rate (CAGR) has been modest at 0.64%, reflecting a relatively stable, yet gradually increasing trend. A notable observation in the historical data is the substantial dip in 2020, attributed to external shocks, followed by a strong recovery in 2021 with a 21.5% increase.
Looking forward, production is forecasted to grow steadily, reaching 86.63 thousand metric tons by 2028, with an anticipated 0.64% CAGR over the next five years. Future trends to watch for include potential impacts from technological advancements, macroeconomic factors, and policy changes related to recycling and sustainability practices in the copper industry.
Key Points:
- 2023 production at 83.19 thousand metric tons
- 2023 year-on-year growth: 0.8%
- Last five years CAGR: 0.64%
- Forecast for 2028: 86.63 thousand metric tons
- Future trends: Technological advancements, macroeconomic factors, and policy changes
