The copper secondary smelter production in Spain had a significant fluctuation over the past decade, with an evident peak in 2013 at 14.0 thousand metric tons and a decline until 2016. The production saw a sharp recovery in 2017, only for the growth rate to stabilize with minor variations in the following years, setting 2023 at 8.27 thousand metric tons.
The year-on-year variation from 2022 to 2023 marked a decrease of 3.84%, continuing the negative trend. Over the last two years, the production declined by roughly 6.81%. The Compound Annual Growth Rate (CAGR) over the last five years shows an average decline of 4.85% annually.
- 2013: -44% YoY, 6.96% CAGR
- 2014: -37.86% YoY, -2.75% CAGR
- 2015: -20.69% YoY, -18.34% CAGR
- 2016: -33.33% YoY, -26.67% CAGR
- 2017: 141.3% YoY, -14.99% CAGR
- 2018: -4.5% YoY, -5.41% CAGR
- 2019: -9.17% YoY, 2.05% CAGR
- 2020: -20.03% YoY, 2.22% CAGR
- 2021: 16.01% YoY, 14.2% CAGR
- 2022: -3.77% YoY, -4.98% CAGR
- 2023: -3.84% YoY, -4.85% CAGR
- 2028: Forecasted to have a -3.72% CAGR, with an overall reduction rate of -17.25%
Future trends to watch for include technological advancements improving smelting efficiency, changes in global copper demand, recycling rates, and regulatory impacts affecting secondary smelter operations.
