The Motor Vehicle Mufflers and Exhaust Pipes market in New Zealand has shown a steady increase in value per capita from 2013 to 2023, culminating at $5.14 in 2023. From 2021 to 2023, there was a noteworthy rise, with a year-on-year growth of approximately 7% from 2022 to 2023. Over the last five years, the compound annual growth rate stands at around 3.8%, reflecting moderate but consistent market expansion.
Looking to the future, several trends warrant attention:
- Increasing environmental regulations may drive demand for advanced, eco-friendly exhaust systems.
- Technological advancements in electric and hybrid vehicles could impact traditional exhaust component markets.
- Rising global inflation and raw material costs could affect production expenses and pricing structures.
| # | 21 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 46.11 | 2023 | View data | ||
| 2 | 2 Belgium | 34.09 | 2023 | View data | ||
| 3 | 3 United Kingdom | 32.77 | 2023 | View data | ||
| 4 | 4 France | 31.56 | 2023 | View data | ||
| 5 | 5 Denmark | 17.72 | 2023 | View data | ||
| 11 | 11 Switzerland | 6.52 | 2023 | View data | ||
| 12 | 12 Latvia | 6.24 | 2023 | View data | ||
| 13 | 13 New Zealand | 5.14 | 2023 | |||
| 14 | 14 Moldova | 0.75 | 2023 | View data | ||
| 15 | 15 Uruguay | 0.71 | 2023 | View data | ||
