The Bicycles and Motorcycles Parts and Accessories Market in Chile has experienced significant fluctuations from 2012 to 2022. The market value started at $118.72 million in 2012 and observed a general decline, with notable downturns in 2016, 2019, and a significant drop in 2020, attributed to various economic impacts. By 2022, the market showed signs of recovery reaching $110.4 million, but still below its peak in the mid-2010s. The compound annual growth rate (CAGR) was particularly volatile in those years, with a negative trend in the mid to late 2010s, and showing a slight recovery towards the end.
- 2023: Market stood resilient amid fluctuations, continuing from the recovery phase of 2022.
- Last two years: Notable positive variation (+13.6% in 2021, +4.49% in 2022).
- Last 5 years: Average variation (CAGR) shows a mixed recovery with a focus on negative trends, marked at -1.91%.
In the future, market trends to watch for include advancements in technology for parts and accessories, a potential rise in sustainable and electric bike parts, and changes due to economic policies or consumer behavior shifts. Additionally, monitoring the impact of global supply chain issues is crucial for forecasting further market stability or growth in the sector.
| # | 34 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 19,036,000,000 | 2023 | +3.17% | +3.84% | View data |
| 2 | 2 Japan | 5,033,800,000 | 2023 | -4.63% | -4.83% | View data |
| 3 | 3 Italy | 4,449,600,000 | 2023 | +0.34% | +0.61% | View data |
| 4 | 4 India | 3,932,600,000 | 2023 | +2.22% | +2.55% | View data |
| 5 | 5 France | 3,497,300,000 | 2023 | +2.42% | +1.52% | View data |
| 22 | 22 Slovakia | 129,510,000 | 2023 | +5.34% | +7.19% | View data |
| 23 | 23 Finland | 122,890,000 | 2023 | -0.62% | +0.088% | View data |
| 24 | 24 Chile | 109,590,000 | 2023 | -0.73% | -1.06% | |
| 25 | 25 Paraguay | 57,292,000 | 2023 | +0.65% | +0.59% | View data |
| 26 | 26 Costa Rica | 47,765,000 | 2023 | -0.8% | -1.8% | View data |
