Between 2013 and 2023, the non-electric domestic appliances market in Greece showed fluctuations in volume per capita. From 2013 to 2016, the market experienced growth, peaking in 2016. However, a decline ensued from 2017 onward, particularly during 2019 and 2020, where economic downturns likely impacted consumer spending. In 2023, the market volume per capita remained at 0.063. Over the past two years, year-on-year variations show a stabilization tendency around this figure. The five-year CAGR indicates a slight downward trend, suggesting a relatively stable yet slightly declining market environment.
Future trends to watch for include advancements in non-electric technology, shifts in consumer preferences towards sustainable products, and the impact of economic recovery on consumer discretionary spending. Additionally, monitoring geopolitical developments and their effects on local market stability could provide further insights into the market's trajectory.
