The market size value for motor vehicle bumpers and parts in Botswana, expressed in Million US Dollars, showed a declining trend from 2.8361 in 2013 to 1.8432 in 2023. Notably, after a steady trend from 2013 to 2020, where values remained mostly between 2.7 and 2.8 million USD, there was a significant decline from 2021 onward. In 2023, the value stood at its lowest, marking a year-on-year decline of 6.94% and a negative five-year CAGR of 7.4%.
- Over the last two years, the market declined sharply with consecutive year-on-year decreases of 6.55% in 2022 and 6.94% in 2023.
- Over a five-year span, the average annual decrease (CAGR) was 7.4%, reflecting a substantial market contraction.
Looking forward, potential trends to watch include technological advancements in vehicle manufacturing and import regulations affecting market dynamics. Efforts to enhance green technologies and the adoption of electric vehicles could also influence future market size and composition, presenting both challenges and opportunities for local and international manufacturers.
How does Botswana rank in Motor Vehicle Bumpers and Motor Vehicle Bumper Parts Market Size Value?
| # | 42 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 13,241,000,000 | 2023 | +2.56% | +2.64% | View data |
| 2 | 2 Germany | 2,695,300,000 | 2023 | +3.08% | +1.31% | View data |
| 3 | 3 Canada | 1,901,000,000 | 2023 | +2.5% | +2.3% | View data |
| 4 | 4 United Kingdom | 1,734,800,000 | 2023 | +1.26% | +1.3% | View data |
| 5 | 5 Japan | 1,606,100,000 | 2023 | -0.56% | -1.16% | View data |
| 40 | 40 Mauritius | 4,998,600 | 2023 | +3.05% | +3.89% | View data |
| 41 | 41 Barbados | 2,304,000 | 2023 | +2.54% | +1.47% | View data |
| 42 | 42 Botswana | 1,843,200 | 2023 | -6.94% | -7.4% | |
