The value per capita of the diesel automotive market in Montenegro for engines exceeding 1500cc and 2500cc experienced fluctuations since 2013. The market saw moderate growth between 2013 and 2014, followed by a dip in 2015 and 2016. However, it rebounded from 2017, reaching a peak of $80.04 per capita in 2023. Year-on-year growth in 2022 was 7.8%, while 2023 exhibited a 2.3% increase. The five-year compound annual growth rate (CAGR) from 2018 to 2023 was approximately 1.92%.
Future trends to watch for include the potential impact of stricter environmental regulations on diesel vehicles, a shift toward hybrid and electric alternatives, and changes in consumer preferences influenced by economic conditions and technological advancements.
| # | 18 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 223.61 | 2023 | View data | ||
| 2 | 2 Belgium | 187.03 | 2023 | View data | ||
| 3 | 3 Japan | 84.41 | 2023 | View data | ||
| 4 | 4 Montenegro | 80.04 | 2023 | |||
| 5 | 5 Slovenia | 74.6 | 2023 | View data | ||
| 6 | 6 Italy | 67.93 | 2023 | View data | ||
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