The production value of roofing activities in Spain saw significant fluctuations from 2013 to 2023. Starting at 680.8 million euros in 2013, the industry witnessed a decline, increasing with some volatility and peaking at 1130.0 million euros in 2019, before dropping to 819.0 million euros by 2023. The Compound Annual Growth Rate (CAGR) over the last five years up to 2023 was -4.94%, highlighting a downward trend following a period of earlier growth.
Year-on-year variations showed high volatility, such as a 40.43% increase in 2018 and a -20.67% decrease in 2020. Notably, the last two years of actual data saw relatively minor changes, with a -2.45% variation from 2022 to 2023 indicating some stabilization in the industry.
Looking ahead, the forecasted data from 2024 to 2028 suggests a continuous decline in the production value. The industry is expected to drop to 543.6 million euros by 2028, with a forecast 5-year CAGR of -6.55% indicating a considerable decrease over this period.
Future trends to watch for:
• Financial and economic factors impacting construction budgets
• Technological advancements and material innovations in the roofing sector
• Potential regulatory changes around construction and environmental standards
• Market demand shifts due to demographic or climate change impacts
