The production value of carpets and rugs in Spain has exhibited fluctuating growth patterns over the years. From 2013 to 2023, the industry saw significant variability, with standout growths in 2015 (19.76%) and marked declines in 2020 (-10.46%). As of 2023, the production value stands at €170.1 million, reflecting a 2.97% year-on-year increase.
During the past two years, the sector experienced a modest recovery, growing by 2.97% in 2023 and showing a 4.1% increase in 2022. The five-year compounded annual growth rate (CAGR) from 2018 to 2023 was moderately positive, at 0.26%. Forecasts suggest that growth will continue at a slow but steady pace, with a projected 0.61% CAGR from 2024 to 2028 and an overall forecasted growth rate of 3.09% over the same period. By 2028, the production value is anticipated to reach €176.8 million.
Future trends to watch for:
- Shifts in consumer preferences towards sustainable and eco-friendly materials.
- The impact of global supply chain disruptions on production costs and timelines.
- Technological advancements in production methods and materials.
- Potential regulatory changes impacting the textile and carpet industry in Europe.
- Market expansion strategies, including targeting emerging markets and online sales channels.
