In Guatemala, the Motor Vehicles Steering Wheels, Columns, and Boxes market value per capita reached $1.46 in 2023, marking a 2.1% increase from 2022. Over the past two years, the market showed a positive trend with a growth rate of 5.0%. Analyzing a broader span from 2018 to 2023, the Compound Annual Growth Rate (CAGR) is 0.7%, indicating a steady but moderate growth momentum.
Future trends to watch for include:
- Increased vehicle ownership as Guatemala's economy grows.
- Rising demand for vehicle parts driven by technological advancements.
- Potential impacts of policy shifts focused on environmental sustainability and import regulations.
| # | 28 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 70.35 | 2023 | View data | ||
| 2 | 2 Spain | 68.51 | 2023 | View data | ||
| 3 | 3 United Kingdom | 54.15 | 2023 | View data | ||
| 4 | 4 Italy | 42.56 | 2023 | View data | ||
| 5 | 5 Japan | 42.03 | 2023 | View data | ||
| 21 | 21 Montenegro | 2.15 | 2023 | View data | ||
| 22 | 22 Botswana | 1.55 | 2023 | View data | ||
| 23 | 23 Guatemala | 1.46 | 2023 | |||
| 24 | 24 Mauritius | 1.32 | 2023 | View data | ||
| 25 | 25 Ecuador | 1.18 | 2023 | View data | ||
