The Bicycles and Motorcycles Parts and Accessories Market in Paraguay experienced fluctuations in value per capita over the last decade, stabilizing at $8.02 in 2023. This reflects a marginal 0.12% increase compared to 2022 and a 5.53% rise from 2020. The compound annual growth rate (CAGR) from 2018 to 2023 stands at approximately 0.05%, indicating a relatively stable market over the past five years despite prior volatility.
Future trends to watch for:
- Innovation in eco-friendly parts and accessories due to environmental concerns.
- Increasing demand driven by urbanization and growing popularity of cycling and motorcycling.
| # | 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 | ||
| 22 | 22 Peru | 9.26 | 2023 | View data | ||
| 23 | 23 Guatemala | 9.12 | 2023 | View data | ||
| 24 | 24 Paraguay | 8.02 | 2023 | |||
| 25 | 25 Ecuador | 7.51 | 2023 | View data | ||
| 26 | 26 Cyprus | 6.66 | 2023 | View data | ||
