In El Salvador, the motor vehicle wheels and parts market per capita value increased from $1.53 in 2013 to $2.12 in 2023. The market witnessed consistent growth with year-on-year variances, peaking with a notable increase of around 4.7% in 2023 compared to 2022. Over the last five years, a Compound Annual Growth Rate (CAGR) of 3.3% has been observed, reflecting a steady upward trend.
-Key trends include rising demand for vehicle parts due to an aging vehicle fleet and increasing consumer spending power.
-Future trends to watch for include technological advancements in wheel manufacturing, shifts towards eco-friendly materials, and regulatory impacts on import duties and tariffs.
| # | 31 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 100.79 | 2023 | View data | ||
| 2 | 2 Finland | 96.33 | 2023 | View data | ||
| 3 | 3 Norway | 87.23 | 2023 | View data | ||
| 4 | 4 Belgium | 85.98 | 2023 | View data | ||
| 5 | 5 Austria | 72.6 | 2023 | View data | ||
| 28 | 28 South Africa | 2.8 | 2023 | View data | ||
| 29 | 29 Montenegro | 2.41 | 2023 | View data | ||
| 30 | 30 El Salvador | 2.12 | 2023 | |||
| 31 | 31 India | 0.76 | 2023 | View data | ||
