The motor vehicle radiators market size value per capita in Peru has shown a noticeable trend over the past decade. From 2013 to 2023, the per capita value increased from $1.18 to $1.70. This indicates a substantial growth, with fluctuations particularly in 2016 and 2020 where it decreased or stagnated. Over the last two years, from 2021 to 2023, the value saw a consistent rise, showcasing a positive year-on-year growth, with roughly 2.56% from 2022 to 2023.
The compounded annual growth rate (CAGR) from 2018 to 2023 averaged about 1.72% annually, illustrating steady market expansion across the five-year period.
Looking ahead, future trends to watch for may include:
- Technological advancements in radiator materials and design driving product enhancements
- Impacts of economic conditions and vehicle sales trends in Peru
- Regulatory influences towards sustainable and environmentally friendly automotive components
- Potential shifts in consumer preferences towards electric vehicles and their influence on radiator demand
| # | 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 | ||
| 29 | 29 El Salvador | 2.19 | 2023 | View data | ||
| 30 | 30 Ukraine | 1.85 | 2023 | View data | ||
| 31 | 31 Peru | 1.7 | 2023 | |||
| 32 | 32 Indonesia | 1.63 | 2023 | View data | ||
| 33 | 33 Guatemala | 1.36 | 2023 | View data | ||
