The turnover for paper and paperboard machinery in Spain shows a significant growth from 2013 to 2018, with an average CAGR of 8.07%. After 2018, the growth stabilized with minor fluctuations, leading to a more moderate CAGR of 0.3% by 2023 and a very minimal forecast CAGR of 0.09% up to 2028. Year-on-year variations also depict initial high volatility which gradually reduces to a near-flat growth pattern by 2028.
While the future CAGR remains low, watching for technological advancements, shifts in demand due to sustainability trends, and policy changes will be crucial. These factors could significantly influence turnover dynamics, despite the current forecasts predicting stability.
