If we check our official data published by the Bank of Portugal, and using the words of one of our testimonies, we can conclude that \u201cwe are in an expanding market, but with a significant increase in some specific costs (which seems to have increased in 2024). 4.5% growth in overall turnover in a mature market like optics can only be good news for the sector.<\/p>\n\n\n\n
The increase of interest rates resulted simultaneously in an increase in the cost of financing (from 3.3% to 5.5%) and less access to loans (in 2022, financing represented an average of 21.6% of assets and fell in 2023 to 16.1%).<\/p>\n\n\n\n
We can also say that the optical market maintains a high percentage of micro-enterprises, with only 13 companies considered as medium-sized.\u201d<\/p>\n\n\n\n
Last year, we continued to see a huge concentration of the sector in optical groups and the search for many banners with weight in the market to expand their presence in new locations. What’s more, if we look back over the last few years, we see a marked growth in optical establishments in the face of a declining population in Portugal (compared to the last Census), resulting in greater competition and competition for the same market and space.
Read more about this exclusive report for professionals in \u00d3pticaPro 259.<\/p>\n","protected":false},"excerpt":{"rendered":"
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