The Jamaica Motor Vehicles Parts and Accessories Market reached a value of 101.94 million USD in 2023. Between 2013 and 2023, the market experienced fluctuating growth patterns, including a significant downturn in 2020 with a -16.36% change, followed by recovery in 2021 and 2022. The year-on-year growth from 2022 to 2023 was modest at 0.71%. Over the past five years, the market exhibited a compound annual growth rate (CAGR) of 0.84%.
Future trends to watch for include:
- Technological advancements impacting parts manufacturing and distribution.
- Shifts in automotive policies and economic conditions affecting import/export dynamics.
- The increasing adoption of electric vehicles may influence demand for specific parts and accessories.
| # | 45 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 235,410,000,000 | 2023 | +4.39% | +0.72% | View data |
| 2 | 2 Germany | 156,470,000,000 | 2023 | +1.79% | +1.62% | View data |
| 3 | 3 Japan | 115,890,000,000 | 2023 | -1.84% | -2.75% | View data |
| 4 | 4 France | 74,756,000,000 | 2023 | +0.83% | -0.36% | View data |
| 5 | 5 United Kingdom | 66,161,000,000 | 2023 | +0.35% | -0.9% | View data |
| 39 | 39 Iceland | 167,230,000 | 2023 | +6.26% | +1.76% | View data |
| 40 | 40 Kyrgyzstan | 149,620,000 | 2023 | +2.22% | +3.76% | View data |
| 41 | 41 Jamaica | 101,940,000 | 2023 | +0.71% | +0.84% | |
| 42 | 42 Mauritius | 88,987,000 | 2023 | +2.65% | +3.39% | View data |
| 43 | 43 Malta | 59,940,000 | 2023 | +0.73% | -0.67% | View data |
