The Motor Vehicle Mufflers and Exhaust Pipes market in Indonesia had a per capita value of USD 0.64 in 2023. The market has experienced fluctuations over the past decade with notable dips in 2015 and 2020. From 2019 to 2020, there was a significant decline of -16.92%, likely due to pandemic-related disruptions. However, a recovery is evident with a +14.81% increase in 2021. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 is -0.39%, reflecting a relatively stable market post-pandemic.
Future trends to watch include advancements in electric vehicles which may reduce the demand for traditional exhaust systems, and government regulations on emissions impacting market dynamics. Also, urbanization and disposable income growth could spur demand for automotive components in Indonesia.
| # | 21 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 46.11 | 2023 | View data | ||
| 2 | 2 Belgium | 34.09 | 2023 | View data | ||
| 3 | 3 United Kingdom | 32.77 | 2023 | View data | ||
| 4 | 4 France | 31.56 | 2023 | View data | ||
| 5 | 5 Denmark | 17.72 | 2023 | View data | ||
| 15 | 15 Uruguay | 0.71 | 2023 | View data | ||
| 16 | 16 Greece | 0.7 | 2023 | View data | ||
| 17 | 17 Indonesia | 0.64 | 2023 | |||
| 18 | 18 Tunisia | 0.52 | 2023 | View data | ||
| 19 | 19 El Salvador | 0.48 | 2023 | View data | ||
