Spain's kitchen furniture production value demonstrated substantial fluctuations from 2013 to 2023. In 2013, the industry stood at 541.2 million euros but saw a decline leading to 495.6 million euros in 2015. Recovery began in 2016, with consistent growth observed until 2023, peaking at 773.9 million euros. Over the last two years, growth rates were 2.61% in 2022 and 2.52% in 2023. The 5-year CAGR stands at 2.82%, indicating moderate but steady growth.
Future trends to watch for include:
- Influence of sustainable and eco-friendly materials.- Technological advancements in kitchen design and functionality.- Economic impacts and consumer spending trends in Spain.- Potential disruptions from global supply chain issues.