The Prepared Waxes Market in Portugal was valued at 17.708 million Euros in 2023. From 2013 to 2023, the market exhibited a steady growth trajectory, with fluctuations. Notable growth occurred in 2018 with a 23.57% increase, followed by minor contractions in 2019 and minor expansions in subsequent years. The five-year Compound Annual Growth Rate (CAGR) from 2019 to 2023 stood at 2.26%, indicating moderate growth. Year-on-year growth has gradually slowed down, with the most recent years showing variations around 4%.
Future trends to watch include potential market expansion driven by advancements in technology and an increased demand for sustainable wax alternatives. Potential risks involve economic fluctuations and regulatory changes that could impact production and pricing.
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 458,870,000 | 2023 | +2.47% | +1.31% | View data |
| 2 | 2 Spain | 191,070,000 | 2023 | +1.6% | +1.59% | View data |
| 3 | 3 France | 184,980,000 | 2023 | +1.83% | +0.79% | View data |
| 4 | 4 United Kingdom | 173,810,000 | 2023 | +2.3% | +0.71% | View data |
| 5 | 5 Finland | 25,553,000 | 2023 | +1.07% | +1.82% | View data |
| 6 | 6 Portugal | 17,708,000 | 2023 | +4.29% | +2.26% | |
| 7 | 7 Bulgaria | 3,901,500 | 2023 | +2.02% | -1.31% | View data |
