The Estonian consumer electronics market showed marked growth between 2013 and 2023, reaching a value of 138.76 million euros in 2023. Over the last two years, the market exhibited a steady rise with year-on-year growth rates of 2.48% in 2022 and 2.39% in 2023. The five-year CAGR stood at 4.17%, indicating consistent expansion. Notably, the period from 2018 to 2021 showed sharp increases, with momentum stabilizing in subsequent years.
Future trends to watch for include:
- Adoption of emerging technologies like AI and IoT.
- Increased demand for smart home devices.
- Potential impact of economic conditions on consumer spending.
- Shift towards sustainable and energy-efficient electronics.
How does Estonia rank in Consumer Electronics Market Size Value?
| # | 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% | View data |
| 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 |
| 11 | 11 Lithuania | 206,930,000 | 2023 | +2.92% | +6.3% | View data |
| 12 | 12 Bulgaria | 183,250,000 | 2023 | +1.18% | +2.68% | View data |
| 13 | 13 Estonia | 138,760,000 | 2023 | +2.39% | +4.17% | |
