The Kenyan market for motor vehicle bumpers and bumper parts shows a modest per capita value increase from 2013 to 2023, beginning at $0.15 and reaching $0.22. However, fluctuations occurred with stagnation and slight declines seen in 2016 and 2020. The year-on-year variation highlights steady growth across 2021 to 2023, with a 10% increase noted in 2022. The Compound Annual Growth Rate (CAGR) over the last five years stands at approximately 2.3%.
Future trends to watch for:
- Technological advancements in vehicle parts.
- Growth in the automotive industry.
- Changes in consumer preferences towards vehicle sustainability.
- Expansions in import-export regulations impacting the market.
| # | 34 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Canada | 50.6 | 2023 | View data | ||
| 2 | 2 Austria | 35.45 | 2023 | View data | ||
| 3 | 3 Australia | 32.71 | 2023 | View data | ||
| 4 | 4 Germany | 32.38 | 2023 | View data | ||
| 5 | 5 Norway | 29.95 | 2023 | View data | ||
| 32 | 32 Honduras | 1.02 | 2023 | View data | ||
| 33 | 33 Vietnam | 0.71 | 2023 | View data | ||
| 34 | 34 Kenya | 0.22 | 2023 | |||
