The historical data from 2013 to 2023 for natural gas domestic extraction in Spain shows significant fluctuations. In the early years, extraction levels declined sharply until 2016. A significant increase occurred in 2018, followed by remarkable growth until 2019. Post-2019, the trend showed a decline in 2020 but rebounded in the subsequent years, with a notable year-on-year increase in 2022 and a steady rise in 2023 standing at 110.13 thousand metric tons. Over the last two years, there has been an average annual growth rate (CAGR) of 7.27% over five years, highlighting a resurgence in the market.
Forecast data from 2024 onwards shows a steady yet slight upward trend in natural gas extraction, with a CAGR projected at 0.57% and an overall growth rate of 2.88%. Future trends to watch for include the impacts of regulatory changes, technological advancements in extraction methods, and shifts in energy policies towards sustainability. The market could also be influenced by global natural gas prices and demand shifts in both domestic and European markets.