Based on the forecasted data, the household expenditure on home goods in Spain is expected to increase steadily over the next five years. The expenditure, starting from 36.17 billion Euros in 2024, is projected to grow to 38.58 billion Euros by 2028. In 2023, the actual expenditure stood at 35.56 billion Euros. This signifies a positive year-on-year growth rate of approximately 1.7% to 1.8% annually from 2024 to 2028. The compound annual growth rate (CAGR) over the last five years averages around 1.6%.
Future trends to watch for include:
• The impact of economic fluctuations on consumer spending behavior.
• The influence of technological advancements and smart home products.
• Sustainability trends and growing demand for eco-friendly home goods.
• Potential shifts in demographics, such as the aging population, which could affect expenditure patterns.