In 2023, Germany dominated the European import market for motor vehicles electrical and electronic equipment with a substantial share of 53.2%, despite a modest growth of 2.44%. Spain displayed notable growth with a 16.92% increase, holding the second largest market share at 14.05%. Significant growth was observed in Hungary and Cyprus, with increases of 48.13% and 42.53%, respectively. Conversely, the United Kingdom, Netherlands, and Italy saw notable reductions in their share, with Italy's reduction being the most drastic at -37.19%.
Future trends to watch include:
- The potential impact of technological advancements and increased emphasis on electric vehicles.
- Germany’s ability to maintain its dominant market share amidst growing competition.
- The influence of economic factors on the overall automotive sector in Europe, affecting import patterns.
- Emerging markets like Hungary potentially increasing their shares if growth rates remain strong.
Top countries in Import of Motor Vehicles Electrical and Electronic Equipment Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 53.2 | 2023 | +9.4% | +2.44% | View data |
| 2 | 2 Spain | 14.05 | 2023 | +15.08% | +16.92% | View data |
| 3 | 3 Slovakia | 5.25 | 2023 | +3.07% | +2.92% | View data |
| 4 | 4 Belgium | 4.61 | 2023 | +1.96% | -6.21% | View data |
| 5 | 5 United Kingdom | 4.45 | 2023 | -12.26% | -10.86% | View data |
| 6 | 6 Czechia | 3.55 | 2023 | |||
| 7 | 7 France | 2.74 | 2023 | +1.05% | +1.34% | View data |
| 8 | 8 Hungary | 1.55 | 2023 | +4.91% | +48.13% | View data |
| 9 | 9 Austria | 1.37 | 2023 | +13.43% | +5.34% | View data |
| 10 | 10 Sweden | 1.25 | 2023 | +3.85% | -6.27% | View data |
