Between 2013 and 2023, the Motor Vehicles Steering Wheels, Columns, and Boxes market in Latvia has shown steady growth, reaching 6.32 USD per capita in 2023. In 2022, the value was 6.08 USD, marking a year-on-year increase of approximately 3.95%. Looking at the five-year span from 2018 to 2023, the compound annual growth rate (CAGR) was around 3.11%, reflecting consistent upward momentum.
Future trends to watch for include:
- Innovations in steering technologies and smart steering systems.
- Impact of increased EV adoption on steering components.
- Supply chain adjustments post-pandemic.
| # | 28 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 70.35 | 2023 | View data | ||
| 2 | 2 Spain | 68.51 | 2023 | View data | ||
| 3 | 3 United Kingdom | 54.15 | 2023 | View data | ||
| 4 | 4 Italy | 42.56 | 2023 | View data | ||
| 5 | 5 Japan | 42.03 | 2023 | View data | ||
| 11 | 11 Iceland | 8.17 | 2023 | View data | ||
| 12 | 12 Lithuania | 6.92 | 2023 | View data | ||
| 13 | 13 Latvia | 6.32 | 2023 | |||
| 14 | 14 New Zealand | 6.12 | 2023 | View data | ||
| 15 | 15 Barbados | 5.58 | 2023 | View data | ||
