Over the period from 2012 to 2022, the unwrought aluminium market in Spain has seen steady growth. Starting at 1.6209 Billion Euros in 2012, the market size reached 3.0639 Billion Euros by 2022. The highest year-on-year growth was recorded in 2017 at 17.52%, while the lowest was in 2012 with a decline of 4.87%. In recent years, the market has shown continuous, albeit slower, growth, with year-on-year increases of 6.09% in 2021 and 1.67% in 2022. Notably, the compound annual growth rate (CAGR) has generally been upward, peaking at 9.58% in 2020. Over the last two years, the market showed a positive trajectory but slowed in 2022, indicating a market stabilizing trend.
- In 2013, year-on-year growth: 4.51%
- In 2014, year-on-year growth: 4.32%
- In 2015, year-on-year growth: 1.75%, with CAGR at 0.13%
- In 2016, year-on-year growth: 13.52%, with CAGR at 3.68%
- In 2017, year-on-year growth: 17.52%, with CAGR at 8.16%
- In 2018, year-on-year growth: 5.6%, with CAGR at 8.38%
- In 2019, year-on-year growth: 5.31%, with CAGR at 8.59%
- In 2020, year-on-year growth: 6.48%, with CAGR at 9.58%
- In 2021, year-on-year growth: 6.09%, with CAGR at 8.1%
- In 2022, year-on-year growth: 1.67%, with CAGR at 5.01%
Future trends to watch for include advancements in recycling technologies, shifts in international trade policies, and the impact of increased regulations on carbon emissions. These could all influence the unwrought aluminium market's trajectory in Spain in the coming years.
How does Spain rank in Unwrought Aluminium Market Size Value?
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 7,204,200,000 | 2023 | -0.58% | -2.67% | View data |
| 2 | 2 Spain | 3,211,200,000 | 2023 | +3.16% | +4.86% | |
| 3 | 3 Austria | 2,338,000,000 | 2023 | +3.32% | +1.4% | View data |
| 4 | 4 Czech Republic | 768,900,000 | 2023 | +2.58% | +1.24% | View data |
| 5 | 5 Hungary | 698,950,000 | 2023 | -0.98% | -2.33% | View data |
