The motorcycles market size value per capita in Ethiopia has shown fluctuations from 2013 to 2023, rising from $1.5 to $1.94. Significant growth occurred between 2021 and 2023, with a 7.78% increase. A noteworthy drop was seen in 2020, with a 17.3% decrease due to potential economic challenges. The five-year CAGR from 2018 to 2023 stands at approximately 1.51%, indicating steady if modest growth. In 2023, the market value per capita reached $1.94.
Future trends to watch include increasing urbanization, economic reforms, and government infrastructure projects, which could spur further growth in the motorcycle market. Attention should be paid to regulatory changes and fuel prices that may impact market dynamics.
| # | 15 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Austria | 145.39 | 2023 | View data | ||
| 2 | 2 Germany | 126.24 | 2023 | View data | ||
| 3 | 3 New Zealand | 104.85 | 2023 | View data | ||
| 4 | 4 Italy | 103.67 | 2023 | View data | ||
| 5 | 5 France | 78.63 | 2023 | View data | ||
| 10 | 10 Kenya | 14.4 | 2023 | View data | ||
| 11 | 11 Uganda | 8.02 | 2023 | View data | ||
| 12 | 12 Ethiopia | 1.94 | 2023 | |||
| 13 | 13 South Africa | 1.73 | 2023 | View data | ||
| 14 | 14 Jordan | 1.14 | 2023 | View data | ||
