The turnover of ceramic household and ornamental articles in Spain saw significant fluctuations over the past decade. Between 2013 and 2016, there was a solid growth trend with an annual increase ranging from approximately 6% to 20%. However, a sharp decline occurred in 2017, dropping by nearly 50%. This downturn continued through 2018 to 2023, with occasional minor recoveries, but overall showing a consistent downward trend. As of 2023, the value stood at 89.2 million Euros, indicating a year-on-year decline of nearly 6% and a negative CAGR of around 3.23% over the past five years.
Forecasted data from 2024 to 2028 suggest a continued decline, with the turnover projected to decrease at an average annual rate (CAGR) of about 5.92%. By 2028, the turnover is expected to be 61.6 million Euros, representing a significant reduction in market value compared to previous years.
Future trends to watch for include shifts in consumer preferences towards alternative decorative materials, potential economic impacts on discretionary spending, and innovations in the ceramic industry that could either mitigate the decline or accelerate it.
