The motor vehicle wheels and parts market in the Dominican Republic showed a consistent upward trend from 2013 to 2023, with a slight dip in 2020 likely due to global economic disruptions. In 2023, the market value per capita reached $3.54. Significant year-on-year growth occurred particularly between 2022 and 2023 with a 2.91% increase. The 5-year compound annual growth rate (CAGR) indicates an average annual increase of 2.37% since 2019.
Future trends to watch for:
- Increasing demand for automotive parts as disposable income rises.
- Potential market fluctuations due to economic shifts or new automotive technology.
- Impact of global trade policies on import-export dynamics.
| # | 31 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 100.79 | 2023 | View data | ||
| 2 | 2 Finland | 96.33 | 2023 | View data | ||
| 3 | 3 Norway | 87.23 | 2023 | View data | ||
| 4 | 4 Belgium | 85.98 | 2023 | View data | ||
| 5 | 5 Austria | 72.6 | 2023 | View data | ||
| 23 | 23 Malta | 3.99 | 2023 | View data | ||
| 24 | 24 Indonesia | 3.57 | 2023 | View data | ||
| 25 | 25 Dominican Republic | 3.54 | 2023 | |||
| 26 | 26 Paraguay | 3.27 | 2023 | View data | ||
| 27 | 27 Peru | 2.93 | 2023 | View data | ||
