The sold production of cement in Spain exhibited notable trends over the past decade. From a trough in 2013, cement production experienced a moderate recovery until 2018, with variation rates fluctuating. A decline in 2019 was followed by a mixed recovery from 2020, culminating in a value of 25.749 billion kilograms in 2023. The year-on-year variation from 2022 to 2023 was a rise of 5.55%, and the compound annual growth rate (CAGR) over the last five years leading up to 2023 stood at 2.24%. Looking forward, from 2024 to 2028, the forecast suggests an average annual growth rate (CAGR) of 3.59%, with a projected overall growth rate of 19.3% by 2028.
Future trends to watch for include:
- Environmental regulations impacting production processes
- Technological advancements in cement manufacturing
- Shifts in construction demand and infrastructure projects
- Potential economic fluctuations affecting the construction sector.
