The value added of sports activities, amusement, and recreation activities in Spain has demonstrated a dynamic trend from 2013 to 2023. After an initial drop in 2013, there was a significant recovery by 2016, with a considerable year-on-year increase of 34.5%. Growth continued, albeit at varying rates, until 2019 when growth decelerated. The sector experienced a sharp decline in 2020 due to the impact of the COVID-19 pandemic, falling by 33.63%. The recovery began in 2021 and accelerated in 2022 with an increase of 31.33%, reaching 12.47 billion euros. In 2023, the value added stood at 14 billion euros, marking a 12.27% rise from the previous year. The 5-year CAGR before 2023 was calculated at 2.69%.
Forecasts from 2024 to 2028 show a steady upward trend, with an anticipated 5-year CAGR of 3.14% and an overall growth rate of 16.71% by 2028. This indicates a consistent recovery and growth trajectory for the sector.
Future trends to watch for include:
- Technological advancements driving new forms of sports and recreation.
- Increased health and wellness awareness boosting participation in sports activities.
- Economic fluctuations and their impact on discretionary spending in amusement and recreation.
- Potential regulatory changes impacting the sector.
