The Motor Vehicles Parts and Accessories Market in Latvia saw a growth from $213.15 in 2013 to $363.15 in 2023, indicating a consistent upward trend with some fluctuations. The market increased by approximately 4.42% year-on-year from 2021 to 2023. The Compound Annual Growth Rate (CAGR) over the last five years was around 3.86%.
Future trends to watch include:
- Continued growth due to advancements in automotive technologies and increased car ownership.
- Potential fluctuations from economic changes affecting disposable income.
- The impact of potential regulatory changes on vehicle emissions and safety standards.
| # | 45 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,880 | 2023 | View data | ||
| 2 | 2 Austria | 1,590 | 2023 | View data | ||
| 3 | 3 Spain | 1,360 | 2023 | View data | ||
| 4 | 4 Belgium | 1,280 | 2023 | View data | ||
| 5 | 5 France | 1,100 | 2023 | View data | ||
| 11 | 11 Iceland | 427.23 | 2023 | View data | ||
| 12 | 12 Denmark | 378.81 | 2023 | View data | ||
| 13 | 13 Latvia | 363.18 | 2023 | |||
| 14 | 14 Australia | 348.82 | 2023 | View data | ||
| 15 | 15 Lithuania | 333.08 | 2023 | View data | ||
