The turnover in the retail sale via stalls and markets sector in Spain has experienced notable fluctuations over the past decade. Between 2013 and 2023, this sector saw significant ups and downs, with turnover peaking in 2016 at 2.1 billion euros and dropping substantially in 2020 to 1.29 billion euros, likely due to the pandemic. The sector started to recover with values rising gradually from 2021 onwards. In 2023, turnover stood at 1.48 billion euros.
Year-on-year variation over the last two years shows moderate growth, with a 5.24% increase in 2022 and a 2.36% increase in 2023. The Compound Annual Growth Rate (CAGR) over the last five years presents an average yearly decline of 1.86%.
Looking ahead, the forecast until 2028 suggests a continued slight decline with a forecasted 5-year CAGR of -1.93%. This indicates an average yearly contraction in turnover by 1.93%, cumulatively amounting to a 9.26% decline over the period.
Future trends to watch for include:
- Potential impact of digital transformation and e-commerce on traditional retail stalls and markets.
- Consumer behavior changes post-pandemic and their effect on market activities.
- Economic factors such as inflation, cost of living, and disposable income influencing spending patterns in local markets.
