Towards the end of 2023, the security crisis in the Red Sea had a profound impact on global shipping routes, diverting freight away from the Suez Canal and driving inordinate increases in shipping prices around Europe. The Spanish furniture industry was hit particularly hard by these price increases as the bulk of large furniture items are imported into the country.
In 2023, the distribution of home furnishings products through retail e-commerce continued to increase in value sales terms, even as other retail channels saw declines or only marginal growth, resulting in e-commerce gaining share in the distribution of home furnishings. Since the pandemic, brands have stepped up promotions through their online channels and consumers’ apprehensions around ordering furniture online have waned, boosting the prospects of the channel over the forecast period.
Despite a slowdown in 2023, lighting is expected to record steady growth over the forecast period as an increasing number of consumers shift to LED light sources in an attempt to save on energy bills and as manufacturers comply with EU regulations. Light-emitting diode lamps (LED) have been growing dynamically for a number of years due to their energy-saving credentials.
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Understand the latest market trends and future growth opportunities for the Home Furnishings industry in Spain with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Home Furnishings industry in Spain, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Home Furnishings
The furniture and other moveable articles in a home that are necessary or useful for comfort and convenience. Items must be new when sold to the consumer; second-hand/used home furnishings are excluded. Antiques are also excluded. Home furnishings refers to indoor living (home textiles, indoor furniture and window coverings), outdoor living (BBQ's, garden sheds and outdoor furniture) and lighting (lighting sources and light fixtures).
See All of Our DefinitionsThis report originates from Passport, our Home Furnishings research and analysis database.
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