In 2023, the sold production of carpets and rugs in Spain stood at 33.400 million square meters. The forecasted data indicates a gradual decline in production over the next five years. By 2024, the production is expected to be 32.532 million square meters, marking a 2.6% decrease from 2023. This downward trend continues with the following year-on-year variations:
- 2025: A 2.6% decline to 31.686 million square meters.
- 2026: A 2.6% decline to 30.848 million square meters.
- 2027: A 2.7% decline to 30.019 million square meters.
- 2028: A 2.7% decline to 29.198 million square meters.
Over the last two years, the production declined by 4.7%, and the compound annual growth rate (CAGR) for the 5-year period from 2024 to 2028 is -2.64%. This consistent decrease reflects declining demand or shifts in market preferences.
Future trends to watch for include technological innovation in carpet production, evolving consumer preferences towards sustainable products, and potential economic factors impacting the housing and flooring markets in Spain.
