Between 2013 and 2023, the turnover of assembled parquet floors in Spain showed significant volatility. From an initial value of 195.8 million Euros in 2013, it dropped sharply by 2015, rebounding slightly in 2016 but experiencing fluctuations thereafter. By 2023, the turnover stood at 124.6 million Euros, marking a continuous decline over the last three years: -22.86% in 2021, -2.16% in 2022, and -1.74% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years is -6.1%, indicating a consistent downward trend.
Forecasts from 2024 to 2028 predict a gradual decrease in turnover, with the Compound Annual Growth Rate (CAGR) expected to be -0.69%. By 2028, the turnover is projected to stand at 118.6 million Euros, representing a 3.42% decline over five years.
Watch for trends such as the impact of housing market fluctuations, changing consumer preferences towards sustainable materials, and potential shifts in economic conditions that could influence consumer spending on home renovation and flooring options.
