The swimming pool sector forecasts a moderate growth in turnover of 6.3% at the end of 2022 compared to 2021
(14-7-2022) The swimming pool sector in Spain predicts a growth in its turnover for 2022 of 6.36%. This is predicted by the Pool Sector Barometer corresponding to the first half of the year presented by Asofap.
The Spanish swimming pool employers association (ASOFAP) predicts a 2022 of moderate growth in sales. According to the Swimming Pool Sector Barometer in Spain – 1st semester, at the end of June, the swimming pool sector forecasts an average annual growth in turnover for 2022 of 6.36%.
This growth continues what was already registered in 2021, the year in which, according to the same Barometer, the pool sector grew by 10% compared to 2020, reaching a turnover of 1,400 million euros and the creation of 30,000 new pools. If the forecasts made for this 2022 are fulfilled, the pool sector would reach a turnover of around 1,489 million euros, 89 more than the previous year.
According to the data provided by the sectoral reference document on the progress and perspective of the sector, which is prepared every six months by Asofap, the swimming pool sector in Spain continues to grow and has good prospects for the rest of 2022, in such a way that one year more will grow above the national average, generating net wealth in the country.
A clearly better figure than the forecast for the Spanish economy as a whole, and which at the same time is almost half of the annual growth of the sector in 2021, which was, according to the employers, an exceptional year for the pool in Spain and in the world in general. The estimate of the annual growth of the Sectoral Barometer for the first half of the year suggests a moderation in demand in the second half of the year, due to the fact that in the first quarter there was a very important growth in demand, which has softened in the second quarter.
However, the Barometer shows that a large majority of companies have, to date, already covered the year 2022, with current orders. This reality gives confidence to the sector for 2022 and even for 2023. And clearly superior to the national average of the economic sectors. This is demonstrated by the Business Confidence Index (ICE), where only 9% of companies consider that 2022 will be an unfavorable year for them. For 2023 the outlook remains positive, although 17% of companies foresee a 2023 worse than 2022 due to high global uncertainty.
The Sectoral Barometer also shows the types of products most in demand and the issues that most concern customers. Aspects that are in line with previous years, and that reflect that the demand is increasingly seeking energy savings and ease of pool maintenance.
CONCERNS AND CHALLENGES FOR THE SECTOR
Another classic of the Sector Barometer are the main concerns of companies in the sector, which this year focus especially on the increase in the cost of raw materials and inflation.
The need to have qualified professionals and sustainability are identified as sectoral challenges. Challenges that Asofap and its companies are already working on. The Swimming Pool Sector Barometer in Spain offers more and more detailed data on the sector, which companies associated with ASOFAP can consult on the employer’s intranet.
The Sectorial Pool Barometer in Spain is a study prepared by the Spanish swimming pool association (ASOFAP), which it finances with its own resources thanks to the contribution of its associated companies, thus being able to offer the reference study of the sector in terms of its situation and prospects.