Between 2013 and 2023, Portugal's chandeliers and electric ceiling or wall lighting fittings market showed a fluctuating trajectory. The market size increased from 95.186 million euros in 2013 to 161.74 million euros in 2023, achieving a 5.91% year-on-year growth. The compounded annual growth rate (CAGR) over the last five years slightly rebounded, marking 0.63% due to recovery in 2022 and 2023 after a decline during 2020 and 2021. The market experienced varied annual growth rates, with notable positive spikes in 2015 and 2017, but faced significant downturns during 2020 due to external economic factors.
Future trends to watch for:
- Increased focus on energy-efficient and smart lighting solutions could drive future demand.
- Potential impact of new housing developments and interior design trends on market growth.
- Fluctuations in market performance may continue due to economic uncertainties or regulatory changes, emphasizing the need for adaptable strategies.
How does Portugal rank in Chandeliers and Other Electric Ceiling or Wall Lighting Fittings Market Size Value?
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 1,264,200,000 | 2023 | +2.34% | +2.99% | View data |
| 2 | 2 United Kingdom | 1,072,000,000 | 2023 | +0.55% | +0.13% | View data |
| 3 | 3 Spain | 776,550,000 | 2023 | +1.81% | +2.8% | View data |
| 4 | 4 Belgium | 270,180,000 | 2023 | +1.62% | +3.39% | View data |
| 5 | 5 Poland | 167,440,000 | 2023 | -7.64% | -6.07% | View data |
| 6 | 6 Portugal | 161,740,000 | 2023 | +5.91% | +0.63% | |
| 7 | 7 Finland | 122,770,000 | 2023 | -0.75% | -1.7% | View data |
| 8 | 8 Czech Republic | 114,950,000 | 2023 | +0.15% | -6.35% | View data |
