The motor vehicle wheels and parts market in New Zealand shown a compound annual growth rate (CAGR) of 1.91% over the past five years until 2023, when the market value reached $25.61 per capita. The year-on-year changes reveal a fluctuating trend, with significant growth between 2020 to 2021 (15.84%) and steady increases up to 2023. However, there were declines such as in 2019 (-9.51%) and 2020 (-12.52%). Overall, the market demonstrates moderate growth with some variability.
Future trends to watch for include potential increased demand driven by technological advancements in components, expansion into electric vehicle wheels, and shifts in consumer preferences towards sustainability, which may alter market dynamics.
| # | 31 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 100.79 | 2023 | View data | ||
| 2 | 2 Finland | 96.33 | 2023 | View data | ||
| 3 | 3 Norway | 87.23 | 2023 | View data | ||
| 4 | 4 Belgium | 85.98 | 2023 | View data | ||
| 5 | 5 Austria | 72.6 | 2023 | View data | ||
| 13 | 13 Denmark | 30.39 | 2023 | View data | ||
| 14 | 14 Australia | 28.41 | 2023 | View data | ||
| 15 | 15 New Zealand | 25.61 | 2023 | |||
| 16 | 16 Poland | 15.34 | 2023 | View data | ||
| 17 | 17 South Korea | 14.19 | 2023 | View data | ||
