The turnover of floor and wall coverings in Spain exhibited significant fluctuations between 2013 and 2023. Beginning at 1.18 billion euros in 2013, it saw peaks and troughs with a high of 2.06 billion euros in 2019 and a decline to 1.37 billion euros in 2023. The year-on-year variation in 2022 was -6.43% followed by a further decline of -8.48% in 2023, with a 5-year CAGR of -5.03% indicating a downward trend.
Looking forward, the forecasted turnover from 2024 to 2028 suggests a continuing decline, reaching 0.59 billion euros in 2028. This represents a significant reduction with a 5-year forecast CAGR of -13.36%, pointing to a shrinking market with a forecasted 51.19% decrease over the next five years.
Future trends to watch for include the impact of potential economic recovery, changes in consumer preferences, and advancements in floor and wall covering materials and technologies. Market players should stay adaptive to economic conditions and customer demand shifts to mitigate the projected decline.
