The motor vehicle clutches and clutch parts market size value per capita in Madagascar experienced subtle fluctuations between 2013 and 2023. By 2023, the market value reached USD 0.16 per capita, matching the peak value first seen in 2014. Year-on-year growth between 2022 and 2023 was approximately 6.7%. Over the past five years, the market demonstrated a compound annual growth rate (CAGR) of around 1.3%.
Future trends to watch for:
- Potential increase in demand driven by economic growth and urbanization.
- Adoption of electric vehicle technology might alter market dynamics.
- Import regulations and currency fluctuations impacting price stability.
| # | 50 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 55.71 | 2023 | View data | ||
| 2 | 2 Canada | 38.72 | 2023 | View data | ||
| 3 | 3 France | 34.83 | 2023 | View data | ||
| 4 | 4 Japan | 26.72 | 2023 | View data | ||
| 5 | 5 United Kingdom | 26.46 | 2023 | View data | ||
| 47 | 47 Botswana | 0.5 | 2023 | View data | ||
| 48 | 48 Zambia | 0.22 | 2023 | View data | ||
| 49 | 49 Madagascar | 0.16 | 2023 | |||
| 50 | 50 Uganda | 0.15 | 2023 | View data | ||
