The import of aluminium fluoride to Spain stood at 5.9989 Million US Dollars in 2023. The year-on-year variations displayed significant fluctuations over the last decade. Notable changes include a sharp rise in 2016 by 92.58% and significant decreases in both 2015 (-28.4%) and 2020 (-15.47%). Over the past two years, growth has been moderately positive with 1.64% in 2023 and 1.71% in 2022. However, the compound annual growth rate (CAGR) over the last five years was 1.23%, reflecting minimal consistent growth.
Looking forward, the forecast anticipates a steady increase in imports, reaching 6.5054 Million US Dollars by 2028. The forecasted five-year CAGR is 1.28%, indicating a slow but steady annual growth trend. The overall five-year growth rate to 2028 is projected at 6.55%.
Future Trends to Watch For:
• Global market dynamics affecting aluminium fluoride pricing and demand.
• Technological advancements impacting production efficiency and cost.
• Changes in environmental regulations influencing domestic production capabilities.
• Economic conditions within Spain impacting industrial activity and associated demand for aluminium fluoride.
• Trade policies and bilateral agreements that may alter import conditions.
