The motor vehicle bumpers and bumper parts market in Brazil exhibited a fluctuating trend over the years, peaking in 2013 at $4.53 per capita and experiencing a general decline, reaching $2.17 per capita in 2023. The most significant drop occurred between 2019 and 2020 with an 18.6% decrease. The market slightly recovered in 2021 and 2022 before seeing a slight drop again in 2023. The compound annual growth rate (CAGR) from 2019 to 2023 is -4.2%, indicating a consistent decrease over the five-year period.
Future trends to watch include the impact of economic recovery post-COVID-19, advancements in automotive technologies, especially in electric vehicles, and policy changes targeting vehicle imports and manufacturing, which may drive market variations.
| # | 34 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Canada | 50.6 | 2023 | View data | ||
| 2 | 2 Austria | 35.45 | 2023 | View data | ||
| 3 | 3 Australia | 32.71 | 2023 | View data | ||
| 4 | 4 Germany | 32.38 | 2023 | View data | ||
| 5 | 5 Norway | 29.95 | 2023 | View data | ||
| 26 | 26 Ecuador | 2.98 | 2023 | View data | ||
| 27 | 27 Guatemala | 2.41 | 2023 | View data | ||
| 28 | 28 Brazil | 2.17 | 2023 | |||
| 29 | 29 Bosnia and Herzegovina | 2.08 | 2023 | View data | ||
| 30 | 30 Tunisia | 1.95 | 2023 | View data | ||
