Portugal

The Coronavirus (COVID-19) has resulted in a significant speeding up in the move away from cash, as consumers and retailers tried to avoid handling it, particularly in the early days of the pandemic. This has therefore been providing strong impetus…

Vacuum cleaners are expected to register lower volume growth in 2021, as with people spending less time at home, as society gradually opens up, homes are less in need of cleaning, However, vacuum cleaners are considered an essential product and there…

Small cooking appliances is expected to see lower volume growth in 2021, as society opens up and less time is spent at home. The popularity of coffee machines continues and hard pods is expected to register the highest current volume growth, with…

2020 was a bumper year for refrigeration appliances with double-digit volume growth, as with people confined to home for much of the year, they were prepared to spend any excess cash on refrigeration appliances and in fact refrigeration appliances…

Personal care is expected to register positive volume growth in 2021, though volume growth will be lower than 2020. Hair care appliances is the largest product area within personal care appliances and is expected to register the highest volume…

Though volume growth will be lower than in 2020, volume growth is still expected to be positive in 2021. Volume growth is expected to be supported by renewed construction activity in 2021, after the dramatic slump in 2020. Also, with consumers lives…

While large cooking appliances registered healthy volume growth in 2020, it did not perform as well as other consumer appliances. All the same, in 2021, volume growth is again expected to be positive, as house and apartment building starts up again,…

Home laundry appliances registered healthy volume growth in 2020, as with people confined to home, they were prepared to spend any excess money on home laundry appliances. Though the economy has hit hard by the pandemic, many people also managed to…

Of all the products within consumer appliances, food preparation appliances registered the highest volume growth in 2021, as with people having more time on their hands due to lockdowns, they spend more time cooking and wanted appliances such as…

Dishwashers benefitted from the lockdowns in 2020, as with people confined to home, they were prepared to spend any excess money on upgrading home appliances, including dishwashers. In 2021, volume growth will be lower though still positive, as…

Air treatment products is expected to register positive volume growth, though lower growth than in 2020, as with society gradually opening up, and thus people spending less time at home and with more people working in the office again, there is less…

Store cards face high competition in Portugal, particularly from the credit cards category, limiting its potential to grow. Over the years there has been a trend of migration from store to credit, allowing cardholders wider scope for usage when…

The COVID-19 crisis has stimulated open-loop dynamics among players operating in employee benefit cards. Companies in this segment have sought to provide new ways of accepting payments and to increase business potential by enlarging partnerships with…

In 2020, the pandemic had a significant impact on Portuguese society, the national economy, consumption and payments, with the effects still being felt in 2021. The strong increase in infections and pressure on the health system forced a new…

As restrictions reduce and consumption slowly returns to a “new normal” in Portugal, demand for non-essential goods and services has increased, fuelling a return to growth in value per transaction and number of transactions per card in 2021. The…

After a two-digit decline in transactions in 2020, credit cards is recording the highest current value growth rate in 2021. The gradual recovery of industries such as tourism together with the rise in credit card usage to pay daily expenses, as many…

The COVID-19 pandemic had a heavy impact on the 2020 economic landscape in Portugal, causing a sharp drop in GDP and a significant increase in unemployment. The direct effects of restrictions on economic, investment and consumption activities,…

After the notable decline recorded in 2020, overall consumer lending is bouncing back quickly in 2021. The effects of the pandemic continue to impact the economy with two waves registered so far in the year. However, vaccination has allowed optimism…

Charge card penetration in the country remains low, with a small number of issuers granting their business clients a charge card. They target companies or entrepreneurs which have on their staff employees who repeatedly make payments for service or…

The pandemic had a negative impact on demand for wound care in 2020, due to the closure of schools in March, followed by a full lockdown. With children not attending school and limited participation in outdoor activities amongst both younger and…