From 2013 to 2023, the sold production of kitchen furniture in Spain has shown a dynamic trend. The value in 2023 stood at 13.887 million items, representing a robust growth trajectory since 2013. Over the last two years, from 2021 to 2023, the year-on-year variations were 16.41% in 2022 and 14.12% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years (2018-2023) was 18.45%. This indicates a strong upward trend in kitchen furniture production, especially notable in the years following 2020.
Future trends to watch for:
- Continuous growth is forecasted with a 5-year CAGR of 7.35% from 2024 to 2028.
- The forecasted growth rate over these five years is expected to be 42.56%, indicating a sustained demand and production increase.
- Innovations in kitchen design, increasing renovation activities, and economic recovery post-pandemic are likely to drive this growth further.