From 2013 to 2023, the value per capita of the Bicycles and Motorcycles Parts and Accessories market in Zambia has shown a declining trend, starting at 0.82 USD in 2013 and ending at 0.43 USD in 2023. There was a significant drop from 2013 to 2020, with a noticeable dip between 2014 and 2016. In recent years, the market has shown signs of stabilization, although at a lower level. The average compound annual growth rate (CAGR) from 2018 to 2023 is negative, indicating a continuous decline in consumer spending per capita over this period.
Key points:
- Year-on-year decline was notable, with recent signs of stabilization in 2021 and 2022.
- 2023 value per capita stood at 0.43 USD.
Future trends to watch for include potential market recovery, which could be influenced by economic improvements or increased demand due to urbanization and mobility needs. Monitoring that, alongside shifts in population demographics and policy changes in transportation, will be essential to gauge market growth prospects accurately.
| # | 34 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 80.88 | 2023 | View data | ||
| 2 | 2 Italy | 73.33 | 2023 | View data | ||
| 3 | 3 Denmark | 57.35 | 2023 | View data | ||
| 4 | 4 France | 52.93 | 2023 | View data | ||
| 5 | 5 Spain | 49.26 | 2023 | View data | ||
| 32 | 32 Nicaragua | 3.09 | 2023 | View data | ||
| 33 | 33 India | 2.84 | 2023 | View data | ||
| 34 | 34 Zambia | 0.43 | 2023 | |||
