The motor vehicles shock absorbers market in Peru showed a gradual increase in value per capita from $3.88 in 2013 to $4.92 in 2023. In 2023, the value stood at $4.92. Notable year-on-year variations included a decline from 2018 to 2019 and from 2019 to 2020, followed by a recovery post-2020 due to pandemic influences. Between 2018 and 2023, the compound annual growth rate (CAGR) was marginally positive, reflecting overall steady growth despite occasional setbacks.
Future trends to watch for include the impact of sustainable vehicle technology adoption on shock absorber demand and the potential increase in local manufacturing capabilities to meet domestic automotive needs.
How does Peru rank in Motor Vehicles Shock Absorbers Market Size Value Per Capita?
| # | 42 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 52.47 | 2023 | View data | ||
| 2 | 2 Belgium | 47.1 | 2023 | View data | ||
| 3 | 3 Spain | 40.62 | 2023 | View data | ||
| 4 | 4 France | 37.44 | 2023 | View data | ||
| 5 | 5 Japan | 36.07 | 2023 | View data | ||
| 30 | 30 Paraguay | 6.4 | 2023 | View data | ||
| 31 | 31 Cyprus | 5.43 | 2023 | View data | ||
| 32 | 32 Peru | 4.92 | 2023 | |||
| 33 | 33 Mauritius | 4.5 | 2023 | View data | ||
| 34 | 34 Honduras | 4.22 | 2023 | View data | ||
