Self water supply to industry and construction in Spain has shown a consistent decrease from 2013 to 2023, with a value of 5.89 Billion Cubic Meters in 2023. The year-on-year variations over the last two years were -0.92% in 2022 and -0.91% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years ending in 2023 was approximately -0.62%, indicating a gradual decrease in self water supply needs.
From 2024 onwards, the forecast indicates a continuing decline, with a forecast 5-year CAGR of -0.72% and an overall reduction of 3.53% from 2024 to 2028. The trend suggests an ongoing reduction in water needs for industrial and construction purposes, driven by potential improvements in water efficiency and changing industry dynamics.
Trends to watch for:
- Technological advancements that improve water efficiency in industrial processes
- Increased regulations and policies aimed at water conservation
- Shifts in industrial activities due to economic or environmental factors