The Motor Vehicles Parts and Accessories market in Iceland witnessed an upward trajectory from 2013 to 2017, peaking at $415.43 per capita. Following a slight dip in the early 2020s, the value per capita increased again, reaching $427.23 in 2023.
Year-on-year growth between 2022 and 2023 was approximately 4.26%, showcasing a recovery phase. The compound annual growth rate (CAGR) over the past five years was 1.79%, indicating a positive trend despite minor fluctuations.
Future trends to watch for include:
- Technological advancements influencing parts and accessories demand.
- Sustainability measures pushing towards greener vehicle parts.
- Global supply chain impacts potentially affecting Iceland's market dynamics.
| # | 45 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,880 | 2023 | View data | ||
| 2 | 2 Austria | 1,590 | 2023 | View data | ||
| 3 | 3 Spain | 1,360 | 2023 | View data | ||
| 4 | 4 Belgium | 1,280 | 2023 | View data | ||
| 5 | 5 France | 1,100 | 2023 | View data | ||
| 9 | 9 Norway | 606.59 | 2023 | View data | ||
| 10 | 10 Poland | 584.34 | 2023 | View data | ||
| 11 | 11 Iceland | 427.23 | 2023 | |||
| 12 | 12 Denmark | 378.81 | 2023 | View data | ||
| 13 | 13 Latvia | 363.18 | 2023 | View data | ||
