The mobile phones market in Portugal has exhibited significant growth from 2013 to 2023, increasing from 518.15 million Euros to 983.5 million Euros. The market saw the most substantial growth between 2016 and 2017 with a 22.63% increase and a consistent rise in subsequent years, albeit with a slight decline in 2019. The annual growth rate slowed down from 2022 to 2023, with a modest increase of 3.46%. Over the past two years, the market has grown by approximately 3.52% annually. The last five years show an average annual growth rate (CAGR) of 2.79%.
Future trends to watch for include technological advancements, 5G adoption, and changing consumer preferences towards smarter and more feature-rich mobile devices. Additionally, the market may experience increased competition and potential challenges related to economic fluctuations and supply chain disruptions.
| # | 9 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 13,317,000,000 | 2023 | +1.38% | +0.75% | View data |
| 2 | 2 Germany | 11,182,000,000 | 2023 | +4% | +2.55% | View data |
| 3 | 3 France | 8,137,900,000 | 2023 | +3.55% | +1.13% | View data |
| 4 | 4 Italy | 5,192,600,000 | 2023 | +1.06% | +0.48% | View data |
| 5 | 5 Sweden | 2,307,300,000 | 2023 | +3.11% | +2.46% | View data |
| 6 | 6 Denmark | 1,487,200,000 | 2023 | +2.37% | +5.89% | View data |
| 7 | 7 Portugal | 983,500,000 | 2023 | +3.46% | +2.79% | |
| 8 | 8 Bulgaria | 445,350,000 | 2023 | +4.96% | +3.13% | View data |
| 9 | 9 Lithuania | 421,690,000 | 2023 | +6% | +5.28% | View data |
