The Spark Ignition Engine Automotive market in Morocco for engines between 1000 and 1500cc showed a decline from $17.65 in 2016 to $13.56 in 2023, with some fluctuations. Specifically, 2022 to 2023 witnessed a slight decrease of 0.6%. The average compound annual growth rate (CAGR) over the last five years was approximately -1.2%. Despite some recovery from the 2020 low at $11.47, the market has not regained its 2016 peak levels.
Future trends to watch for include:
- Possible growth in demand for fuel-efficient vehicles.
- Impact of global automotive industry shifts towards electric vehicles (EVs).
- Government policies affecting car imports and emissions standards.
| # | 15 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 578.27 | 2023 | View data | ||
| 2 | 2 Israel | 530.67 | 2023 | View data | ||
| 3 | 3 Finland | 414.02 | 2023 | View data | ||
| 4 | 4 Austria | 409.3 | 2023 | View data | ||
| 5 | 5 Sweden | 380.45 | 2023 | View data | ||
| 11 | 11 Indonesia | 17.82 | 2023 | View data | ||
| 12 | 12 Albania | 13.75 | 2023 | View data | ||
| 13 | 13 Morocco | 13.56 | 2023 | |||
| 14 | 14 Ghana | 11.61 | 2023 | View data | ||
| 15 | 15 Honduras | 8.2 | 2023 | View data | ||
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