The UK Consumer Electronics market has shown varied trends over the past decade. From 2012 to 2022, the market has faced fluctuations, with values swinging between declines and growths. Significant drops were seen in 2013 and 2016, while considerable gains occurred in 2014 and 2015. The market showed resilience in the early pandemic years, with a sharp increase in 2021, followed by a slight decline in 2022.
Year-on-year variation highlights:
- 2021 to 2022: -1.67%
- 2020 to 2021: 7.69%
The Compound Annual Growth Rate (CAGR) for the past five years stands at -0.55%, indicating a slight overall market contraction.
Future trends to watch for in the UK Consumer Electronics market include advancements in smart home technologies, the growing adoption of wearable devices, and the expansion of 5G infrastructure. These emerging trends are likely to revitalize market dynamics and drive moderate growth from 2024 onwards.
| # | 13 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 9,644,000,000 | 2023 | +0.43% | +0.45% | View data |
| 2 | 2 United Kingdom | 7,970,200,000 | 2023 | +0.29% | -0.027% | |
| 3 | 3 France | 5,458,600,000 | 2023 | -1.46% | -2.6% | View data |
| 4 | 4 Spain | 2,983,200,000 | 2023 | +1.11% | +0.77% | View data |
| 5 | 5 Portugal | 1,774,300,000 | 2023 | +4.56% | +3.87% | View data |