The electric domestic appliances market in Portugal displayed fluctuating trends from 2013 to 2023, measured in Million Kilograms. After a consistent decline from 2013 to 2017, a notable spike occurred in 2018. However, this was followed by a series of declines, with 2023 recording a volume of 1.5305 Million Kilograms, marking a year-on-year decrease of 2.01%. Over the last five years, the compound annual growth rate (CAGR) was -1.03%, indicating a generally shrinking market in volume terms.
Future trends to watch for:
- Potential shifts in consumer preferences towards eco-friendly appliances.
- Impact of technological advancements on market dynamics.
- European regulatory influence on energy efficiency standards.
