Based on the historical data, the gross investment in the manufacture of consumer electronics in Spain has exhibited significant volatility over the years. Following notable fluctuations between 2013 and 2019, the investment values showed a declining trend punctuated by inconsistent year-on-year variations. In 2023, the sector stood at an investment value of 5.1 million euros with a modest year-on-year growth of 4.08% and a 5-year CAGR of 3.47%. This suggests a mildly positive growth trajectory in recent years.
Looking into the forecast period from 2024 to 2028, the projections indicate a stabilization at around 5.0 million euros per year, with an anticipated 5-year CAGR of -0.4% suggesting minimal negative growth. The overall forecasted 5-year growth rate is projected at -1.96%, showing a slight tendency towards contraction.
Future trends to watch for:
- Technological advancements driving investments in innovation and production efficiency.
- Potential impact of economic policies and trade regulations on the consumer electronics market in Spain.
- Shift towards sustainable and eco-friendly production practices which may attract new investment flows.
- Global market conditions and their influence on Spain's manufacturing sector.