Forecast: Metals Consumption in Spain

The analysis of metals consumption in Spain from 2013 to 2023 shows a robust initial growth, followed by a stabilization phase. In 2023, it stood at 9.77 units of Domestic Material Consumption. The year-on-year variation shows significant increases in the early years, peaking at 30.21% in 2013, followed by a steadying trend towards 2023, which recorded a modest 0.72% increase. The compound annual growth rate (CAGR) has declined over the period, from an 8.84% high in 2013 to 0.95% in 2023.

Future trends to watch for:

• Continued stabilization in metals consumption with a forecasted 5-year CAGR of 0.28% from 2024 to 2028.
• Slight increase in total consumption by 2028 with a forecasted growth rate of 1.42%.