The analysis of the European Deflated Turnover Index for Motor Vehicle Parts Retail shows that in 2023, Bulgaria leads with a value of 16.63, followed by Romania at 14.77, and Germany at 12.12. France, the Czech Republic, and Norway follow closely with values of 11.95, 11.02, and 10.27, respectively. Year-on-year trends for 2022 indicate that Bulgaria and Romania saw the highest growth rates at 8.53% and 6.05%, while the Czech Republic experienced a slight decline at -0.76%. Over five years, the market has shown varying levels of growth across these countries.
Future trends to watch include technological advancements in vehicle parts, the transition towards electric vehicles impacting parts demand, and changing consumer preferences in the post-pandemic recovery phase. The geopolitical climate and supply chain challenges could further influence market dynamics.
Top countries in Deflated Turnover Index of Motor Vehicle Parts Retail by Country
| # | 6 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Bulgaria | 166.3 | 2022 | +7.71% | +8.53% | View data |
| 2 | 2 Romania | 147.7 | 2022 | +5.95% | +6.05% | View data |
| 3 | 3 Germany | 121.2 | 2022 | +0.33% | +1.72% | View data |
| 4 | 4 France | 119.5 | 2022 | +3.28% | +1.41% | View data |
| 5 | 5 Czech Republic | 110.2 | 2022 | -1.17% | -0.76% | View data |
| 6 | 6 Norway | 102.7 | 2022 | -0.29% | +0.72% | View data |
