The value of Thailand's furniture exports to Spain in 2023 was recorded at $4.03 million. Observing the forecasted data from 2024 to 2028, there is a consistent year-on-year decline: 2024 (-6.4%), 2025 (-7.1%), 2026 (-7.5%), 2027 (-7.9%), and 2028 (-8.4%). The average annual decline over this five-year period, represented by the CAGR, is -7.4%.
Future trends to watch include the impact of global economic conditions on consumer spending in Europe, shifts in trade policies between Thailand and Spain, and potential disruptions in supply chains and logistics. Additionally, sustainability practices and innovation in the furniture industry could influence demand and market dynamics.