The motor vehicles shock absorbers market in Brazil experienced a declining trend from 2013 to 2020, reaching a low point of $9.59 per capita in 2020. However, a recovery began in 2021, with values rising to $11.22 per capita by 2022, before slightly declining to $11.06 per capita in 2023. This indicates a modest recovery in recent years, with the market still below earlier levels. Year-on-year, there was a decrease of 1.43% from 2022 to 2023, but an increase of 12.73% from 2020 to 2021. The 5-year CAGR from 2018 to 2023 was approximately -2.05%, highlighting the overall challenging environment.
Looking ahead, key trends to watch include technological advances in shock absorbers, shifts toward electric vehicles, and potential economic factors influencing automotive sales and production in Brazil. These factors will play crucial roles in shaping the market trajectory over the coming years.
| # | 42 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 52.47 | 2023 | View data | ||
| 2 | 2 Belgium | 47.1 | 2023 | View data | ||
| 3 | 3 Spain | 40.62 | 2023 | View data | ||
| 4 | 4 France | 37.44 | 2023 | View data | ||
| 5 | 5 Japan | 36.07 | 2023 | View data | ||
| 16 | 16 Croatia | 12.68 | 2023 | View data | ||
| 17 | 17 Chile | 11.07 | 2023 | View data | ||
| 18 | 18 Brazil | 11.06 | 2023 | |||
| 19 | 19 Ecuador | 10.52 | 2023 | View data | ||
| 20 | 20 Uruguay | 10.15 | 2023 | View data | ||
