From 2013 to 2023, the household refrigerators market in Portugal saw a steady increase in volume per capita. Beginning with a constant value of 0.01 from 2013 to 2015, the market experienced gradual growth, reaching 0.015 in 2023. The market showcased a significant growth phase from 2016 to 2019 before stabilizing in 2020 and 2021. Over the past two years, the market recovered slightly, reflecting consistent growth compared to the early 2010s. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 demonstrates persistent growth, averaging a steady increase annually.
Future trends to watch for include:
- Increased adoption of energy-efficient models spurred by environmental policies.
- Growing smart technology integration in household appliances.
- The potential impact of economic factors on consumer purchasing power and market growth.
