The production of cement in Spain showed significant fluctuations over the past decade. It began at 16.631 billion kilograms in 2013 and peaked at 21.905 billion kilograms in 2018. A decline ensued, dropping from 19.099 billion kilograms in 2019 to 17.362 billion kilograms in 2021.
2022 and 2023 witnessed minimal growth, stabilizing around 17.402 and 17.436 billion kilograms, respectively. Forecasts suggest a mild upward trend, reaching 17.599 billion kilograms by 2028. The Compound Annual Growth Rate (CAGR) over the last five years was -4.46%, with a future estimation of 0.15% CAGR over the next five years.
Future trends to watch for include potential shifts in construction activities, innovations in sustainable cement production, and regulatory changes aimed at reducing carbon footprints. These factors could significantly impact production levels.
