The turnover of electric domestic appliances in Spain has witnessed fluctuating trends from 2013 to 2023. After peaking at €2.39 billion in 2020, the market saw continuous decline, standing at €2.12 billion in 2023. The year-on-year variation has mostly indicated negative growth in recent years, with a -3.03% change in 2023. Over the last two years, the market has contracted substantially. The 5-year CAGR as of 2023 is -2.17%, showing a steady decline from the 2020 peak.

Future trends to watch for:

Demand for energy-efficient appliances due to environmental regulations and consumer preferences.
Growth in smart home technology integration in domestic appliances.
Potential economic factors influencing purchasing power in Spain.