As of 2023, Vietnam's furniture exports to Spain stood at 45.631 million US dollars. The forecasted data from 2024 to 2028 show a steady increase: 46.575 million US dollars in 2024, 47.586 million in 2025, 48.576 million in 2026, 49.546 million in 2027, and 50.497 million in 2028.
Between 2023 and 2024, there is a year-on-year increase of approximately 2.07%. For the subsequent years, the year-on-year percentage variations are as follows:
- 2025: 2.17%
- 2026: 2.08%
- 2027: 2.00%
- 2028: 1.92%
Over the five-year period from 2023 to 2028, the Compound Annual Growth Rate (CAGR) stands at around 2.05%, indicating a consistent upward trend in the export values.
Future trends to watch for include potential changes in bilateral trade agreements, fluctuations in manufacturing costs, and shifts in consumer preferences within Spain. Monitoring these factors will be crucial to understanding the dynamics of Vietnam's furniture exports to Spain.
