The Motor Vehicles Shock Absorbers Market in Costa Rica has shown fluctuations over the past decade. In 2023, the market value was $8.62 USD per capita, indicating a modest recovery from the dip in 2020. The year-on-year increase from 2022 to 2023 was 0.47%, following a noticeable rise of 5.57% from 2021 to 2022. Over the last five years, the Compound Annual Growth Rate (CAGR) was 1.07%, reflecting a slow but steady growth trend after the declines observed between 2017 and 2020.
Future trends to watch for include advancements in vehicle technology, increasing adoption of electric vehicles, and potential regulatory changes that could affect market dynamics. These factors could drive further innovation and demand for shock absorbers in Costa Rica.
| # | 42 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 52.47 | 2023 | View data | ||
| 2 | 2 Belgium | 47.1 | 2023 | View data | ||
| 3 | 3 Spain | 40.62 | 2023 | View data | ||
| 4 | 4 France | 37.44 | 2023 | View data | ||
| 5 | 5 Japan | 36.07 | 2023 | View data | ||
| 21 | 21 Switzerland | 9.68 | 2023 | View data | ||
| 22 | 22 China | 9.16 | 2023 | View data | ||
| 23 | 23 Costa Rica | 8.62 | 2023 | |||
| 24 | 24 Luxembourg | 8.33 | 2023 | View data | ||
| 25 | 25 Ireland | 8.32 | 2023 | View data | ||
