The production in the manufacture of consumer electronics sector in Portugal has shown significant growth over the past decade. From 2013 to 2023, the sector saw fluctuations with a notable drop in 2013 by 14.08% but rebounded strongly post-2015. The production value in 2023 stood at 2710 million Euros, reflecting a 13.34% year-on-year increase. Over the last two years, the sector experienced notable growth rates, with 16.44% in 2022 and 13.34% in 2023. The average annual growth rate (CAGR) over the last five years was 10.15%.
Looking ahead, the forecasted growth is expected to continue at a healthy pace. From 2024 to 2028, the sector is projected to grow at an average annual rate (CAGR) of 5.87%, culminating in a 32.98% increase over this forecast period. Future trends to watch for include advancements in technology, increased demand for consumer electronics, and potential impacts from global supply chain dynamics. The sector is poised for robust growth, driven by innovation and evolving consumer needs.
