In 2023, household expenditure on home goods in the UK stood at 1.06 Thousand Euros Per Capita. The forecast for this expenditure shows a steady rise from 2024 to 2028. Specifically, the forecasts indicate values of 1.07 Thousand Euros Per Capita in 2024 and 2025, increasing to 1.08 in 2026, 1.09 in 2027, and reaching 1.1 in 2028. The year-on-year growth rate for 2025 is 0%, for 2026 is 0.93%, for 2027 is 0.93%, and for 2028 is 0.92%. Over the past two years, the expenditure grew by a marginal 0.94% per year. The Compound Annual Growth Rate (CAGR) over the next five years is approximately 0.75%.
Future trends to watch for include the impact of inflation on purchasing power, potential changes in consumer behavior towards sustainability, and technological advancements in home goods that could drive higher expenditure. Additionally, economic policies and global supply chain dynamics could significantly influence household spending patterns in this sector.
