The metal polishes market in Spain has shown a declining trend over the years, with volume decreasing from 2.7815 million kilograms in 2012 to 1.311 million kilograms in 2022. The decline was particularly significant from 2013 to 2014 with a drop of over 24%. Over the past two years, the market saw a minor contraction of 1.3% and 6.52% in 2021 and 2022 respectively. The compound annual growth rate (CAGR) over the past five years was negative, indicating an average annual decline of around 5.35%.
Future trends to watch for:
- Environmental policies influencing product formulations and usage.
- Innovations in polishes with eco-friendly ingredients.
- Market adjustments following potential economic recoveries or setbacks.
