Key Market Indicators
Portuguese Electrical Equipment Revenue is projected to decline from €607 million in 2023 to approximately €428 million by 2028. The market is expected to contract at an average annual rate of 5.6%. This trend has been ongoing since 2013, with a consistent year-on-year decrease of around 5%. In 2023, Portugal ranked 22nd in the global market for electrical equipment revenue, trailing behind Croatia, which also reported €607 million. The top three positions were held by France, Italy, and Spain. On the export front, Portuguese Electrical Equipment is forecasted to increase from $6.5 billion in 2023 to about $7.1 billion by 2028. This represents an average annual growth rate of 1.4%, a trend that has been steady since 1993. In terms of imports, Portugal is set to see an increase from $8.3 billion in 2023 to approximately $9.2 billion by 2028. This growth is expected to average 1.6% annually. Since 1993, Portuguese demand for electrical equipment has risen at an average annual rate of 0.9%.
