In Morocco, the motor vehicle clutches and parts market value per capita witnessed varying trends over the last decade, starting from $2.2 in 2013, fluctuating across the years, and reaching $2.09 in 2023. The market saw significant declines to $1.73 in 2020, largely due to the COVID-19 pandemic, impacting the automotive supply chain. The year-on-year change from 2022 to 2023 showed a marginal increase of 0.48%, indicating a slow recovery from previous declines. The compound annual growth rate (CAGR) from 2018 to 2023 was approximately -1.17%, reflecting a slight downward trend over the five-year period.
Future trends to watch for in Morocco's motor vehicle clutches market include:
- Potential growth driven by increased local automotive production and exports.
- Technological advancements in clutch systems, enhancing vehicle performance.
- Government policies promoting electric vehicles, possibly affecting clutch demand.
| # | 50 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 55.71 | 2023 | View data | ||
| 2 | 2 Canada | 38.72 | 2023 | View data | ||
| 3 | 3 France | 34.83 | 2023 | View data | ||
| 4 | 4 Japan | 26.72 | 2023 | View data | ||
| 5 | 5 United Kingdom | 26.46 | 2023 | View data | ||
| 39 | 39 Indonesia | 2.4 | 2023 | View data | ||
| 40 | 40 Guyana | 2.31 | 2023 | View data | ||
| 41 | 41 Morocco | 2.09 | 2023 | |||
| 42 | 42 Honduras | 1.87 | 2023 | View data | ||
| 43 | 43 Jamaica | 1.85 | 2023 | View data | ||
