The motor vehicle radiators market value per capita in Iceland saw a growth trajectory, moving from $4.59 in 2013 to $6.81 in 2023, representing an overall steady increase. In 2023, the year-on-year increase was approximately 1.49% from the previous year. The compound annual growth rate (CAGR) for the five-year period ending in 2023 was approximately 2.17%, highlighting moderate but consistent growth. In 2020, there was a noticeable dip, but the market rebounded significantly by 2021.
Future trends to watch:
- Advancements in automotive technology could increase demand for more efficient and eco-friendly radiators.
- Shift towards electric and hybrid vehicles may affect the market dynamics, requiring adaptability in radiator technology.
- Global supply chain challenges and raw material costs could impact pricing and market growth.
| # | 36 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 23.2 | 2023 | View data | ||
| 2 | 2 Finland | 21.81 | 2023 | View data | ||
| 3 | 3 Netherlands | 16.76 | 2023 | View data | ||
| 4 | 4 Italy | 16.59 | 2023 | View data | ||
| 5 | 5 France | 13.78 | 2023 | View data | ||
| 9 | 9 Lithuania | 7.25 | 2023 | View data | ||
| 10 | 10 Portugal | 6.98 | 2023 | View data | ||
| 11 | 11 Iceland | 6.81 | 2023 | |||
| 12 | 12 New Zealand | 6.4 | 2023 | View data | ||
| 13 | 13 Belgium | 6.01 | 2023 | View data | ||
