The employment in the carpets and rugs sector in Spain has shown a dynamic trajectory. Starting from 778 FTEs in 2013, the market experienced periods of both decline and growth, reaching 1,140 FTEs in 2023. The sector saw significant growth between 2019 and 2020 with an 18.59% increase, tapering slightly in subsequent years with a growth of 1.52% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at 3.9%, indicating stable expansion. Forecasts from 2024 to 2028 predict a moderate increase to 1,180 FTEs by 2028, with a forecasted 5-year CAGR of 0.53%.
Future trends to watch for:
- Technological advancements impacting production efficiency.
- Shifts in consumer preferences toward eco-friendly and sustainable flooring options.
- The potential effect of global economic conditions and trade policies on the sector.