The Motor Vehicles Parts and Accessories Market in Botswana exhibited a fluctuating pattern over the past decade. The market size value saw highs in 2018 and peaked at $234.91 million, while experiencing notable declines in various other years. The market value stood at $190.79 million in 2023, reflecting a steady contraction in the last two years with year-on-year variations of -1.31% in 2022 and -1.32% in 2023. Compounded Annual Growth Rate (CAGR) over the last five years also showed a decline at -4.07%.
Future trends to watch for include:
- Adoption of electric vehicle (EV) components may spur growth in the sector.
- Improvement in economic conditions and consumer spending could stabilize market contractions.
- Advancements in automotive technology and increased vehicle usage are likely to influence demand positively.
| # | 45 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 235,410,000,000 | 2023 | +4.39% | +0.72% | View data |
| 2 | 2 Germany | 156,470,000,000 | 2023 | +1.79% | +1.62% | View data |
| 3 | 3 Japan | 115,890,000,000 | 2023 | -1.84% | -2.75% | View data |
| 4 | 4 France | 74,756,000,000 | 2023 | +0.83% | -0.36% | View data |
| 5 | 5 United Kingdom | 66,161,000,000 | 2023 | +0.35% | -0.9% | View data |
| 36 | 36 El Salvador | 287,340,000 | 2023 | +3.13% | +4.24% | View data |
| 37 | 37 Honduras | 231,510,000 | 2023 | +3.19% | +2.56% | View data |
| 38 | 38 Botswana | 190,790,000 | 2023 | -1.32% | -4.07% | |
| 39 | 39 Iceland | 167,230,000 | 2023 | +6.26% | +1.76% | View data |
| 40 | 40 Kyrgyzstan | 149,620,000 | 2023 | +2.22% | +3.76% | View data |
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