From 2013 to 2023, the ornamental plants and flowers production in Spain showed significant fluctuations. The highest production value in this period was 1,040 million Euros in 2014, while it declined to its lowest at 693.99 million Euros in 2020. A notable recovery was observed in 2021 with a value of 913.06 million Euros, and it peaked again at 1,020 million Euros in 2022. However, in 2023, production experienced a slight decline by 3.11% to 989.42 million Euros.
Over the past five years, from 2018 to 2023, the compound annual growth rate (CAGR) averaged 6.16%, indicating a period of recovery and growth after 2020’s significant drop. Looking ahead, the forecasted data from 2024 to 2028 predict a quite stable trend, with very marginal growth averaging a 0.04% CAGR.
Future trends to watch for include:
- Impact of climate change on production cycles and yields.
- Shifts in consumer preferences toward sustainable and eco-friendly products.
- Technological advancements in cultivation processes.
- Potential market expansion into new international markets.
- Governmental policies and subsidies affecting the agricultural sector.
