The Bicycles and Motorcycles Parts and Accessories market in Costa Rica has shown a varied trend over the past decade. From 2013 to 2018, the market exhibited some fluctuations, peaking in 2016 at $11.81 per capita, before gradually declining to $8.02 in 2020. The market showed recovery over the last three years, reaching $9.27 in 2023. The YoY variations indicate a -1.38% change from 2022 to 2023. The five-year CAGR from 2019 to 2023 is approximately -0.28%, highlighting an overall market contraction.
Future trends to watch for include:
- The impact of sustainable transportation initiatives boosting demand for bicycle components.
- Technological advancements in motorcycle parts driving demand.
- Economic recovery potential increasing discretionary spending on leisure and commuting vehicles.
| # | 34 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 80.88 | 2023 | View data | ||
| 2 | 2 Italy | 73.33 | 2023 | View data | ||
| 3 | 3 Denmark | 57.35 | 2023 | View data | ||
| 4 | 4 France | 52.93 | 2023 | View data | ||
| 5 | 5 Spain | 49.26 | 2023 | View data | ||
| 19 | 19 China | 13.57 | 2023 | View data | ||
| 20 | 20 Mexico | 10.41 | 2023 | View data | ||
| 21 | 21 Costa Rica | 9.27 | 2023 | |||
| 22 | 22 Peru | 9.26 | 2023 | View data | ||
| 23 | 23 Guatemala | 9.12 | 2023 | View data | ||
