The consumer electronics market in Portugal has shown considerable growth from 2013 to 2023. Starting with a market size value of 915.27 Million Euros in 2013, it has steadily risen to 1774.3 Million Euros in 2023. The highest growth rate was observed in 2017 with a significant jump of 37.55% year-on-year. Despite some fluctuations, including a notable decline in 2020 by 8.77%, the overall trend shows consistent growth. The latest data for 2023 shows a year-on-year variation of 4.56%, with a Compound Annual Growth Rate (CAGR) over the last five years at 3.87%.
Future trends to watch for include potential shifts in consumer preferences toward more advanced and connected devices, increased emphasis on sustainability and energy efficiency, and the ongoing impact of global supply chain disruptions. Monitoring these trends will be crucial for anticipating market changes and making informed business decisions.
| # | 13 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 9,644,000,000 | 2023 | +0.43% | +0.45% | View data |
| 2 | 2 United Kingdom | 7,970,200,000 | 2023 | +0.29% | -0.027% | View data |
| 3 | 3 France | 5,458,600,000 | 2023 | -1.46% | -2.6% | View data |
| 4 | 4 Spain | 2,983,200,000 | 2023 | +1.11% | +0.77% | View data |
| 5 | 5 Portugal | 1,774,300,000 | 2023 | +4.56% | +3.87% | |
| 6 | 6 Sweden | 973,190,000 | 2023 | -1.05% | +0.27% | View data |
| 7 | 7 Finland | 864,590,000 | 2023 | +0.71% | +2.33% | View data |
