The ornamental plants and flowers area in Spain experienced fluctuations over the past decade. The area peaked in 2014 at 7.06 thousand hectares, followed by a general declining trend. By 2023, the area stood at 6.03 thousand hectares, showing a -1.15% year-on-year decrease from 2022. Over the last five years, the Compound Annual Growth Rate (CAGR) was approximately -0.62%. Looking forward, from 2024 to 2028, the area is forecasted to remain stable with no significant change, maintaining a value of 6.03 thousand hectares, indicating a 0% forecasted five-year CAGR and growth rate.
Future Trends to Watch For:
- Impact of climate change on cultivation practices.
- Shifts towards more sustainable and eco-friendly plant varieties.
- Technological advancements in horticulture and their adoption in Spain.
- Changes in consumer demand and preferences for ornamental plants.
