The electric domestic appliances market in Greece has experienced a steady decline since 2017. In 2023, the market size stood at 8.3317 million, marking a significant reduction from its peak in earlier years. The year-on-year variations indicate a consistent downward trend, especially over the last two years, with declines of 4.64% in 2022 and 4.8% in 2023. The compound annual growth rate over the past five years reflects an average annual contraction of approximately 5.06%.
Future trends to watch for in the Greek appliances market include:
- Increasing consumer focus on energy-efficient products could drive demand for innovative appliances.
- Economic recovery post-2023 may offer opportunities for market growth.
- Trends in smart home technologies could significantly impact consumer preferences and purchasing decisions.
