From 2013 to 2023, the per capita value of Zambia's motor vehicles shock absorbers market fluctuated slightly, stabilizing in 2023 at $0.66. The market experienced notable declines in the years 2016 and 2020. However, recovery was observed afterward, with a slight increase up to 2023. The year-on-year growth from 2021 to 2022 was approximately 6.4%, and from 2022 to 2023, it was around 0%. The compound annual growth rate (CAGR) from 2019 to 2023 was about 0.45%.

Future trends to watch for:

Potential impact of economic fluctuations and inflation rates on consumer purchasing power.
Influence of increasing vehicle ownership and infrastructure development on demand.
The effect of local manufacturing capabilities and imports policy on market dynamics.