The wholesale food preparations in packings exceeding 2 kg in Portugal have shown substantial fluctuations over the past decade, with volume peaking in 2018 and experiencing a gradual decline thereafter. In 2023, the market stood at 2.3426 million kilograms. Notably, the year-on-year variation in 2023 was modest at 0.73%, revealing a consistent low-growth trend observed since 2019. The compounded annual growth rate (CAGR) over the past five years was a slight negative at -0.63%, indicating stagnation in market volume.
Future trends to watch for include:
- Potential demand recovery influenced by economic conditions and consumption patterns.
- Impact of sustainable packaging and environmentally friendly practices on market dynamics.
- Technological advancements potentially driving efficiencies in distribution and storage.
How does Portugal rank in Wholesale Food Preparations in Packings Exceeding 2 kg Market Size Volume?
| # | 5 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 31,171,000 | 2023 | +0.59% | +2.21% | View data |
| 2 | 2 Spain | 17,752,000 | 2023 | +0.25% | +1.33% | View data |
| 3 | 3 Portugal | 2,342,600 | 2023 | +0.73% | -0.63% | |
| 4 | 4 Lithuania | 1,209,400 | 2023 | +4.36% | +1.59% | View data |
| 5 | 5 Estonia | 568,670 | 2023 | +0.68% | -0.42% | View data |
