Forecast: Production in Building Completion and Finishing Sector in Spain

The building completion and finishing sector in Spain experienced a significant positive trend from 2013 to 2019, with the production value increasing from €6.17 billion to a peak of €11.32 billion in 2019. This period included notable year-on-year growth, particularly between 2017-2019 where the CAGR reached 12.17%. However, from 2020 onwards, the sector faced declines due to various factors, with production steadily decreasing to €8.66 billion by 2023. For the forecasted period from 2024 to 2028, the sector is expected to continue its downward trajectory, with an anticipated CAGR of -9.59%, resulting in a 39.61% overall decrease by 2028.

Future trends to watch for include advancements in construction technology, potential economic reforms, and shifts in market demand that may stabilize or reverse the sector's decline. Monitoring these factors will be crucial to understanding potential recovery or continued challenges in the building completion and finishing sector in Spain.