Between 2013 and 2022, the essential oils market in Portugal has shown consistent growth, culminating in a volume of 8.6247 million kilograms in 2023. Notably, from 2021 to 2023, the market saw a gradual increase, with year-on-year growth rates of 4.3% and 4.11%, respectively. The compound annual growth rate (CAGR) over the last five years was a robust 8.32%, indicating a healthy upward trend.
Future trends to watch for include:
- Increased consumer demand for natural and organic products which may further drive market expansion.
- Potential impact of regulatory changes on production and distribution.
- Advancements in extraction technologies improving efficiency and product quality.
How does Portugal rank in Essential Oils Market Size Volume?
| # | 9 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 112,450,000 | 2023 | -7.79% | -7.06% | View data |
| 2 | 2 France | 77,232,000 | 2023 | +0.5% | +0.63% | View data |
| 3 | 3 Italy | 57,551,000 | 2023 | +0.48% | -0.62% | View data |
| 4 | 4 Spain | 52,433,000 | 2023 | -4.98% | -2.58% | View data |
| 5 | 5 Poland | 44,409,000 | 2023 | +1.58% | +1.01% | View data |
| 6 | 6 Austria | 22,889,000 | 2023 | +2.34% | +2.22% | View data |
| 7 | 7 Portugal | 8,624,700 | 2023 | +4.11% | +8.32% | |
| 8 | 8 Finland | 2,866,700 | 2023 | +0.86% | -1.67% | View data |
| 9 | 9 Croatia | 2,417,200 | 2023 | +2.01% | +2.44% | View data |
