The market for food and drink preparation or manufacturing industrial machinery in Portugal, as measured in million Euros, has shown significant growth between 2013 and 2023. In 2023, the market size stood at 160.14 million Euros. This sector experienced considerable fluctuations, with notable peaks and declines over the years. Particularly, from 2017 to 2018 and 2022 to 2023, the market saw positive changes. The five-year compound annual growth rate (CAGR) from 2018 to 2023 was a modest 2.41%, indicating steady long-term growth despite short-term volatility.
Future trends to watch for include:
- Technological advancements in food processing machinery increasing efficiency.
- Rising demand for automated and energy-efficient equipment aligning with sustainability goals.
- The impact of regulatory changes on manufacturing processes.
- Potential market fluctuations due to global economic conditions and supply chain dynamics.
How does Portugal rank in Food or Drink (Including Fats or Oils) Preparation or Manufacturing Industrial Machinery Market Size Value?
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 883,890,000 | 2023 | +2.45% | +0.37% | View data |
| 2 | 2 Spain | 882,870,000 | 2023 | +2.05% | +1.5% | View data |
| 3 | 3 United Kingdom | 354,280,000 | 2023 | -1.16% | -1.59% | View data |
| 4 | 4 Poland | 212,140,000 | 2023 | -7.59% | -7.13% | View data |
| 5 | 5 Portugal | 160,140,000 | 2023 | +3.78% | +2.41% |
