The market size volume per capita for blankets and travelling rugs of synthetic fibres in Portugal has experienced fluctuations from 2013 to 2023, maintaining at 0.16 S per capita in 2023, similar to the preceding three years. Notable growth occurred from 2013 to 2018, with a 31.25% increase. After peaking in 2018, a decline set in, culminating in 2020, with subtle recovery efforts leading to stabilization. The past five years show a Compound Annual Growth Rate (CAGR) of -1.18%, indicating market contraction.
Future trends to watch include:
- Potential innovations in synthetic fibres enhancing product appeal.
- Shifts in consumer preferences towards sustainable materials potentially impacting market dynamics.
- Inflation and economic conditions affecting disposable income and consumer spending on non-essential goods.