The Motor Vehicle Radiators market in Portugal has experienced fluctuations in value per capita from 2013 to 2023. In 2023, the value stood at $6.98. Between 2013 and 2023, the market exhibited a peak in 2015 and then a consistent decline. From 2021 to 2022, there was a 4.4% decrease, followed by a 4.6% drop in 2023, indicating a persistent downward trend. The compound annual growth rate (CAGR) over the last five years (2018-2023) is approximately -1.8%, showing an overall negative average annual growth.
Future trends to monitor include:
- Technological advancements in radiator materials for efficiency.
- Increased demand for electric vehicle components.
- Impact of government regulations on emission standards.
- Potential economic changes influencing consumer purchasing power.
How does Portugal rank in Motor Vehicle Radiators Market Size Value Per Capita?
| # | 36 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 23.2 | 2023 | View data | ||
| 2 | 2 Finland | 21.81 | 2023 | View data | ||
| 3 | 3 Netherlands | 16.76 | 2023 | View data | ||
| 4 | 4 Italy | 16.59 | 2023 | View data | ||
| 5 | 5 France | 13.78 | 2023 | View data | ||
| 8 | 8 Japan | 9.07 | 2023 | View data | ||
| 9 | 9 Lithuania | 7.25 | 2023 | View data | ||
| 10 | 10 Portugal | 6.98 | 2023 | |||
| 11 | 11 Iceland | 6.81 | 2023 | View data | ||
| 12 | 12 New Zealand | 6.4 | 2023 | View data | ||
