In 2023, the wages and salaries in the kitchen furniture sector in Spain stood at 141.2 million Euros. The sector experienced a declining trend from 2013 to 2015, with significant year-on-year decreases. However, from 2016 onwards, the sector showed resilience with a gradual upward trend and minor fluctuations. Over the past two years, the increase in wages and salaries was modest at 0.72% in 2022 and 0.5% in 2023. The last five years' Compound Annual Growth Rate (CAGR) also slowed to 1.5%.
Future trends to watch for:
- Forecast data from 2024 to 2028 suggest a steady but minimal growth in wages and salaries in the kitchen furniture sector, with a forecast 5-year CAGR of 0.2%.
- Potential economic and industry-specific factors that could influence wage adjustments and employment structures in the sector.