The motor vehicles shock absorbers market in Chile saw fluctuations from 2012 to 2022, with values ranging from 133.61 million USD in 2012 to 206.94 million USD in 2022. Notably, there were sharp increases in 2016 and 2017, followed by a drop in 2020 due to global disruptions. The market recaptured its growth in 2021 and 2022, showing a 16.75% and 7.29% year-on-year increase respectively.
From 2018 to 2022, the compound annual growth rate (CAGR) was modest at 0.92%, reflecting the market’s resilience despite challenging years. For 2024, it's crucial to monitor technological advancements, sustainability trends, and regulatory changes impacting supply chains.
How does Chile rank in Motor Vehicles Shock Absorbers Market Size Value?
| # | 48 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 14,221,000,000 | 2023 | +5.37% | +4.39% | View data |
| 2 | 2 Japan | 4,538,300,000 | 2023 | -1.11% | -2.2% | View data |
| 3 | 3 United Kingdom | 3,549,200,000 | 2023 | +0.56% | -0.4% | View data |
| 4 | 4 France | 2,534,200,000 | 2023 | +1.13% | +0.88% | View data |
| 5 | 5 Brazil | 2,378,100,000 | 2023 | -0.94% | -1.47% | View data |
| 11 | 11 Portugal | 308,630,000 | 2023 | +2.95% | +3.2% | View data |
| 12 | 12 Hungary | 276,470,000 | 2023 | +2.41% | +2.75% | View data |
| 13 | 13 Chile | 210,770,000 | 2023 | +1.85% | +2.06% | |
| 14 | 14 Ecuador | 184,970,000 | 2023 | +1.5% | +1.84% | View data |
| 15 | 15 Peru | 162,590,000 | 2023 | +1.54% | +0.23% | View data |
