The import of fresh foliage and branches for bouquets to Spain has exhibited significant fluctuations over the past decade. The highest recorded value was in 2016 at 7.9368 million kilograms, after which a sharp decline occurred in 2017 to 6.1591 million kilograms. After another severe drop in 2018, the imports have shown a more stable trend from 2019 onward, with values hovering around 3 million kilograms, reaching 3.031 million kilograms in 2023. The year-on-year variation has also stabilized, exhibiting minimal changes of around 0.05% from 2020 onwards. The last five-year CAGR from 2019 to 2023 is an average annual growth rate of 15.6%. The forecast for the next five years predicts a marginally positive but very stable trend, with an estimated CAGR of 0.04% until 2028.
Future trends to watch for include:
- Stabilization in import volumes, maintaining around 3 million kilograms.
- Potential effects of external economic factors such as tariffs, trade policies, and supply chain disruptions on import trends.
- Emerging consumer preferences for eco-friendly and locally sourced products potentially impacting import volumes.
- Technological advances and innovations in the floral industry that may influence import dynamics.
