The office and shop furniture employment sector in Spain has showcased varying trends from 2013 to 2023. Over the past decade, there’s been a decline, especially noticeable post-2019, with some recovery peaks in the mid-decade. The year-on-year percentage variations depict a mix of mild growth and sharper declines, with significant drops in recent years: -8.32% in 2022 and -8.98% in 2023. In 2023, the number of employees in this sector was at 7.46 thousand. The 5-year CAGR from 2023 indicates an average annual decrease of about -5.34%, suggesting a consistent downward trend.
Looking ahead, forecasted data for 2024-2028 indicates a continued decline, with employment projected to fall to 3.89 thousand by 2028. The forecasted 5-year CAGR for this period is -10.39%, representing an accelerated downturn. This is parallel to an overall forecasted 5-year growth rate decrease by -42.22%.
Trends to watch for include:
- The impact of automation and digitalization on manufacturing jobs.
- Shifts in domestic and international demand for office and shop furniture.
- Economic policies and their effect on manufacturing sectors.
