From 2013 to 2023, Botswana's market for motor vehicle steering wheels, columns, and boxes showed fluctuating per capita values, peaking at $1.55 in 2018 and 2023. The market demonstrated resilience, recovering from a dip in 2020 ($1.26) to stabilize by 2023. Year-on-year, the segment grew by 0.68% from 2022 to 2023. Notably, a 5-year CAGR indicated a modest average annual growth rate of 0.94%.
Future trends to watch for include:
- Impact of economic recovery post-COVID-19 on vehicle component demand.
- Technological innovations and shifts towards electric vehicles.
- Government policies influencing automotive imports and local manufacturing.
| # | 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 | ||
| 20 | 20 Costa Rica | 2.64 | 2023 | View data | ||
| 21 | 21 Montenegro | 2.15 | 2023 | View data | ||
| 22 | 22 Botswana | 1.55 | 2023 | |||
| 23 | 23 Guatemala | 1.46 | 2023 | View data | ||
| 24 | 24 Mauritius | 1.32 | 2023 | View data | ||
