Forecast: Turnover in Retail Sale in Non-Specialized Stores Sector in Spain

The turnover in the retail sale in non-specialized stores in Spain has shown a steady increase from 2013 to 2023, growing from 82.7 billion euros in 2013 to 101.69 billion euros in 2023. Notably, the growth rate has seen fluctuations, with the year-on-year variation peaking in 2016 at 4.59%, before stabilizing to around 0.84% in 2023. The compound annual growth rate (CAGR) for the last five years stands at 1.18%. The forecasts indicate a continued gradual increase, with turnover projected to reach 105.8 billion euros by 2028, reflecting a forecasted 5-year CAGR of 0.63%, and an overall 5-year growth rate of 3.19%.

Future trends to watch for include:

  • Shift towards omnichannel retailing, integrating online and offline shopping experiences.
  • Increasing focus on sustainability, driving changes in product offerings and store operations.
  • The potential impact of global economic conditions on consumer spending patterns.
  • Technological advancements in retail technology and AI-driven customer personalization.

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