The market size value per capita for motor vehicle mufflers and exhaust pipes in Brunei showed fluctuating trends from 2013 to 2023. The value per capita peaked in 2015 at $1.13 before experiencing a general decline, reaching $0.71 in 2023. Over the last two years (2022 to 2023), there was a slight decrease of approximately 4.05% year-on-year. Looking at the last five years, the compound annual growth rate (CAGR) averaged a decline of around 1.9% annually.
Future trends to watch include potential shifts due to environmental regulations favoring electric vehicles, which may further influence market dynamics by reducing the need for traditional exhaust components. Additionally, economic recovery and infrastructure developments in Brunei could impact future market demand.
