The market is dominated by domestic suppliers, as imports account for 40.1% of total market size in 2022. Households drive market demand, with household spending representing 39.5% of total demand in 2022. Spain has the sixth largest market size for furniture regionally, with demand reaching USD16.5 billion in 2022. Yudigar SL is the largest company in Spain, generating 2.7% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 10.2% of total production value in 2022. The total number of companies increases in 2022, to 12,235 units. The costs of the industry decrease by 3.4% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 17.4% of production value in 2022, the fourth highest regionally. The industry’s exports share increases in 2022 to 27.9% of total production output. With production value of USD11.6 billion, Spain accounts for 7.7% of the Western Europe total in 2022.
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This Euromonitor industrial report provides unique information on Furniture in Spain: ISIC 361. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Furniture in Spain: ISIC 361 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Household Goods is an aggregation of Furniture, Jewellery and Related Articles, Musical Instruments; Imitation Jewellery, Brushes and Other Personal Items, Sports Goods, Toys and Games, Watches and Clocks.
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