From 2013 to 2023, Spain's import of artificial flowers, foliage, and fruit of plastic has shown an overall increasing trend in volume. The value stood at 4.2311 million kilograms in 2023. This growth includes fluctuations such as a significant increase from 2013 to 2014 (27.03%) and 2017 to 2018 (23.31%), and minor declines observed in some years like 2015 (-10.32%) and 2019 (-2.19%).
The year-on-year growth in the past two years was 2.93% in 2022 and 2.79% in 2023, indicating steady progress. The Compound Annual Growth Rate (CAGR) over the last five years stands at 1.95%, reflecting a moderate and consistent upward trend.
Forecasts suggest continued growth, reaching 4.7711 million kilograms by 2028, with a forecasted 5-year CAGR of 1.9%, translating to an overall increase of 9.85% over this period. This indicates a sustained but moderate expansion in the import volume.
Future trends to watch for:
- Potential impact of environmental regulations on the import of plastic goods.
- Shifts in consumer preferences towards sustainable and eco-friendly products.
- Technological advancements in the production of artificial botanical products.
