From 2013 to 2023, the market for prepared pigments, opacifiers, and colours for ceramics, enamelling, or glass in Portugal faced fluctuations. The market peaked in 2013 with a value of 13.294 million euros and showed a gradual decline, ending at 8.8945 million euros in 2023. Notably, 2020 recorded the sharpest decline of nearly 20%. Despite a brief recovery in 2021, the market faced a small dip in 2023. Over the past five years, the compound annual growth rate (CAGR) was negative at -4.51%, indicating a consistent downward trend.
Future trends to watch include increasing demand for innovative and sustainable ceramic technologies which may revive the market. Considerations of environmental regulations and green initiatives can drive the development of eco-friendly products, potentially boosting market growth. Additionally, technological advancements and global trade dynamics will also be critical for future trends in this sector.
How does Portugal rank in Prepared Pigments, Opacifiers and Colours for Ceramics, Enamelling or Glass Market Size Value?
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 131,070,000 | 2023 | +3.02% | +2.71% | View data |
| 2 | 2 Poland | 30,226,000 | 2023 | -4.77% | -3.52% | View data |
| 3 | 3 Portugal | 8,894,500 | 2023 | -3.72% | -4.51% | |
| 4 | 4 Romania | 7,717,300 | 2023 | +1.32% | -0.44% | View data |
| 5 | 5 Belgium | 6,049,300 | 2023 | +1.02% | -0.86% | View data |
