The turnover in the manufacture of sports goods in Spain experienced varying trends over the years. From 2013 to 2016, there was a downward trend, with a notable drop by 13.21% in 2016. However, the sector rallied considerably in 2017 with a strong increase of 56.02%. Subsequent years showed moderate growth between 1.91% and 7.26%, with a significant surge of 27.92% in 2020. By 2023, turnover reached 206.1 million euros, reflecting a year-on-year growth of 1.88% and a five-year CAGR of 7.75%.
Analyzing the forecasted data from 2024 to 2028, there is a consistent, though slower, year-on-year growth ranging from 1.62% to 1.81%. The five-year CAGR over this period is expected to stabilize around 1.37%, indicating more modest growth compared to the previous five years.
- 2013-2016: Declining trend
- 2017: Significant recovery
- 2018-2023: Moderated growth with a peak in 2020
- 2024-2028: Steady but slower growth
Future trends to watch for include the impact of technological advancements in sports equipment manufacture, the influence of global sports events on demand, and potential fluctuations due to economic conditions. Monitoring these factors will be crucial in forecasting future turnover in the industry.
