Over the past decade, the import of textile wall coverings to Spain has experienced significant fluctuations. The import value in 2013 started at 1.2105 million USD, spiking significantly by 65.61% in 2014 before experiencing a series of varying declines and recoveries. Notably, between 2017 and 2018, there was nearly a 20% drop in imports, followed by a period of relative stability from 2019 to 2023, settling at 1.7356 million USD in 2023.
In the last two years, we observed a modest year-on-year increase of 0.03% from 2021 to 2022 and again from 2022 to 2023. The compound annual growth rate (CAGR) over the past five years, taking us from 2018 to 2023, averaged at a slight growth of 0.82%. Looking ahead, forecasted data from 2024 onward shows a very marginal upward trend with a forecasted 5-year CAGR of just 0.02%, indicating minimal growth expected through 2028.
Future trends to watch for include stability in the market, potential impacts from global economic changes, and shifts in interior design preferences that could influence demand. Environmental sustainability and textile innovation could also drive future changes in import volumes and values.