Between 2013 and 2023, the Household Refrigerators and Freezers Market in Portugal saw notable growth, reaching a value of 230.91 million Euros by 2023. The market experienced fluctuations, with significant boosts in 2016 and 2019 but faced a minor decline in 2020. Recent years showed consistent growth, albeit at a slower pace, with a 2.94% increase in 2022 and 2.84% in 2023. Over the past five years, the market's compound annual growth rate (CAGR) stood at 5.22%, indicating steady expansion.
Future trends to watch for include:
- Technological advancements and innovation in energy efficiency and smart home integration
- Potential economic impacts influencing consumer purchasing power
- Increased focus on sustainability, possibly driving demand for eco-friendly appliance models
- Global supply chain dynamics potentially affecting market stability and pricing
How does Portugal rank in Household Refrigerators and Freezers Market Size Value?
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 1,246,100,000 | 2023 | +0.69% | +0.42% | View data |
| 2 | 2 United Kingdom | 1,191,200,000 | 2023 | +1.05% | +1.58% | View data |
| 3 | 3 Sweden | 274,870,000 | 2023 | +5.39% | +2.7% | View data |
| 4 | 4 Portugal | 230,910,000 | 2023 | +2.84% | +5.22% | |
| 5 | 5 Denmark | 150,130,000 | 2023 | +1.38% | +0.6% | View data |
| 6 | 6 Finland | 140,190,000 | 2023 | +0.063% | +0.77% | View data |
