The detergents and cleaning compounds market in Portugal saw its value peak at 421.8 million Euros in 2019 before gradually declining to 410.23 million Euros in 2023. Over the past two years, the market experienced a slight decrease, indicated by year-on-year variations of -0.7% and -0.71% in 2022 and 2023, respectively. The five-year compound annual growth rate (CAGR) stood at 1.76%, showcasing a modest growth amidst fluctuations.
Future trends to watch for include:
- Increased consumer preference for eco-friendly and sustainable products.
- Expansion of e-commerce platforms, influencing purchasing behavior and market reach.
- Technological advancements leading to innovative product offerings.
How does Portugal rank in Detergents and Cleaning Coumpound Market Size Value?
| # | 13 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 2,083,400,000 | 2023 | -0.21% | +2.35% | View data |
| 2 | 2 United Kingdom | 936,370,000 | 2023 | -5.98% | -5.03% | View data |
| 3 | 3 Portugal | 410,230,000 | 2023 | -0.71% | +1.76% | |
| 4 | 4 Ireland | 311,890,000 | 2023 | +5.05% | +7.76% | View data |
| 5 | 5 Greece | 308,620,000 | 2023 | -0.77% | -0.76% | View data |
