Analyzing the aluminium production value in Spain from 2013 to 2023, the data shows considerable fluctuations. The value in 2023 stood at 3.89 billion Euros, showcasing a recovery from the low of 3.39 billion Euros in 2020. The year-on-year variation for 2022 to 2023 indicates a modest 3.97% increase. Over the last five years, the compound annual growth rate (CAGR) was relatively low at -2.57%. The outlook from 2024 to 2028 projects minor growth, with a five-year CAGR of 0.26% leading to a forecast value of 3.96 billion Euros by 2028.
Future trends to watch for include:
• Potential impact of sustainability initiatives and carbon footprint reduction efforts on production costs.
• Technological advancements in manufacturing processes aimed at increasing efficiency and reducing waste.
• Economic and geopolitical factors influencing both local and global aluminium demand and supply chains.
