The Motor Vehicles Shock Absorbers Market in Egypt has demonstrated varied performance from 2012 to 2022. Starting at a market size value of USD 116.98 million in 2012, it saw an impressive growth of 23.35% in 2013 before facing a gradual decline from 2014 to 2017. The market experienced a slight revival from 2018 onwards, with moderate year-on-year growth leading to a 2022 market value of USD 130.5 million. Notably, the five-year compound annual growth rate (CAGR) stands at 4.59%, reflecting overall positive momentum despite occasional setbacks.
Key trends:
- 2012-2013 growth of 23.35%
- 2014-2017 decline, reaching the lowest at USD 104.28 million in 2017
- Revival from 2018 onwards, peaking at USD 130.5 million in 2022
- Five-year CAGR (2017-2022) of 4.59%
- Year-on-year variations around +/- 7% in recent years
Future trends to watch for:
- Technological advancements in vehicle components
- Government policies on automotive imports and manufacturing
- Changes in consumer demand and economic conditions
| # | 48 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 14,221,000,000 | 2023 | +5.37% | +4.39% | View data |
| 2 | 2 Japan | 4,538,300,000 | 2023 | -1.11% | -2.2% | View data |
| 3 | 3 United Kingdom | 3,549,200,000 | 2023 | +0.56% | -0.4% | View data |
| 4 | 4 France | 2,534,200,000 | 2023 | +1.13% | +0.88% | View data |
| 5 | 5 Brazil | 2,378,100,000 | 2023 | -0.94% | -1.47% | View data |
| 15 | 15 Peru | 162,590,000 | 2023 | +1.54% | +0.23% | View data |
| 16 | 16 Guatemala | 131,930,000 | 2023 | +3.19% | +2.29% | View data |
| 17 | 17 Egypt | 121,110,000 | 2023 | -0.056% | +1.32% | |
| 18 | 18 Norway | 114,650,000 | 2023 | +1.7% | +0.16% | View data |
| 19 | 19 New Zealand | 110,780,000 | 2023 | +1.39% | +1.77% | View data |
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