European household expenditure on household appliances shows variability across countries, with Iceland leading at €285 per capita. Norway (€279) and Luxembourg (€269) also manifest high expenditure levels, while Macedonia trails with €20 per capita. Notable year-on-year variations indicate significant growth in Romania (13.55%), Serbia (13.7%), and Bulgaria (10.4%). Conversely, Iceland saw a slight decline of -1.67%. The forecasted data for 2024 suggest that fluctuations will persist, emphasizing a dynamic market.
Future trends to watch:
- Enhanced expenditure in Eastern European countries, notably Romania and Serbia.
- Slower growth or potential saturation in already leading countries like Iceland and Norway.
- Potential impacts of economic shifts and policies on consumer spending.
- Influence of technological advancements and smart home appliance integration on expenditure patterns.
Top countries in Household Expenditure on Household Appliances by Country
| # | 10 Countries | Euros Per Capita | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Iceland | 285 | 2023 | +1.79% | -1.67% | View data |
| 2 | 2 Norway | 279 | 2023 | +1.09% | +1.42% | View data |
| 3 | 3 Luxembourg | 269 | 2023 | -0.37% | +1.48% | View data |
| 4 | 4 Austria | 258 | 2023 | -0.77% | +3.24% | View data |
| 5 | 5 Denmark | 244 | 2023 | +1.67% | +3.05% | View data |
| 6 | 6 Lithuania | 243 | 2023 | +5.65% | +8.72% | View data |
| 7 | 7 Belgium | 203 | 2023 | +1.5% | +3.61% | View data |
| 8 | 8 Finland | 203 | 2023 | +1.5% | +3.61% | View data |
| 9 | 9 Germany | 201 | 2023 | +0.5% | +2.23% | View data |
| 10 | 10 Slovakia | 185 | 2023 | +2.78% | +7.31% | View data |
