In 2023, the actual hours worked for carpets and rugs in Spain stood at 1.61 million hours. Starting from 2024, the hours worked are forecasted to steadily decline from 1.5634 million hours to 1.3831 million hours by 2028. This represents a year-on-year variation of -2.92% from 2024 to 2025, -2.99% from 2025 to 2026, -3.05% from 2026 to 2027, and -3.11% from 2027 to 2028. Over the five-year period, the Compound Annual Growth Rate (CAGR) is approximately -2.95%.
Future trends to watch for include potential technological advancements in manufacturing processes that may further reduce manual labor hours, shifts in consumer preferences that could impact production volumes, and economic factors influencing the overall demand for carpets and rugs.
