The motor vehicle clutches and parts market in Uganda displayed consistent growth from 2013 to 2023, culminating at a per capita value of $0.15 in 2023. Notably, between 2013 and 2023, the market value per capita expanded significantly from $0.066 to $0.15, marking a total increase of approximately 127.27%. In recent years, between 2021 and 2023, there was a 7.14% increase, indicating steady demand. Analyzing the last five years, the compound annual growth rate (CAGR) stood at around 6.46%, underlying a stable market expansion.
In the coming years, stakeholders should monitor technological advancements in automotive components, economic factors affecting disposable income, and regulatory changes that may influence market dynamics and possibly drive further growth in Uganda's automotive sector.
How does Uganda rank in Motor Vehicles Clutches and Motor Vehicle Clutches Parts Market Size Value Per Capita?
| # | 50 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 55.71 | 2023 | View data | ||
| 2 | 2 Canada | 38.72 | 2023 | View data | ||
| 3 | 3 France | 34.83 | 2023 | View data | ||
| 4 | 4 Japan | 26.72 | 2023 | View data | ||
| 5 | 5 United Kingdom | 26.46 | 2023 | View data | ||
| 48 | 48 Zambia | 0.22 | 2023 | View data | ||
| 49 | 49 Madagascar | 0.16 | 2023 | View data | ||
| 50 | 50 Uganda | 0.15 | 2023 | |||
