The market for iron or steel gas domestic cooking appliances and plate warmers with an oven in Portugal consistently expanded from 2013 to 2023, reaching 28.549 million Euros in 2023. Over the decade, the market exhibited fluctuations but showed substantial growth, particularly notable since 2019. The compound annual growth rate (CAGR) over the last five years was 10.01%, evidencing robust acceleration. Year-on-year increases peaked at 22.08% in 2019 and remained positive into 2023, highlighting ongoing demand recovery and market expansion.
Future trends to watch include technological advancements in appliance functionality and energy efficiency, potentially driving market development. Additionally, eco-friendly product enhancements and increased consumer demand for smart appliances may influence market dynamics.
How does Portugal rank in Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers with an Oven Market Size Value?
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 179,560,000 | 2023 | +0.5% | +1.38% | View data |
| 2 | 2 France | 34,491,000 | 2023 | -16.57% | -12.85% | View data |
| 3 | 3 Portugal | 28,549,000 | 2023 | +6.44% | +10.01% | |
| 4 | 4 Netherlands | 18,684,000 | 2023 | -1.87% | +1.13% | View data |
| 5 | 5 Hungary | 7,868,000 | 2023 | -0.22% | -0.92% | View data |
