The output of wholesale (except motor vehicles and motorcycles) in Spain has shown significant growth from 2013 to 2023, reaching 137.59 billion Euros in 2023. Key trends include notable growth in 2016 at 12.41% year-on-year, a slight decline in 2020 due to external factors, most likely the COVID-19 pandemic, and consistent recovery with growth of 6.19% in 2021 followed by modest fluctuations in 2022 and 2023.
From 2024 onwards, the sector is forecasted to continue growing at a steady pace with an average annual growth rate (CAGR) of 1.95% over the next five years, culminating in an output of 155.55 billion Euros by 2028.
- 2013: 0.79% year-on-year growth
- 2014: 3.53% year-on-year growth
- 2015: 3.49% year-on-year growth
- 2016: 12.41% year-on-year growth
- 2017: 4.47% year-on-year growth
- 2018: 2.77% year-on-year growth
- 2019: 6.24% year-on-year growth
- 2020: -2.46% year-on-year growth
- 2021: 6.19% year-on-year growth
- 2022: -0.032% year-on-year growth
- 2023: 2.76% year-on-year growth
Future Trends: Trends to watch for include the impact of technological advancements and digital transformation on supply chain efficiencies, the influence of economic policies post-pandemic, and the potential shifts in consumer demand influenced by sustainability and e-commerce growth. These factors could shape the wholesale market's trajectory over the coming years.
