From 2013 to 2023, the Motor Vehicles Parts and Accessories Market in Guatemala saw a steady increase in per capita value, reaching 44.91 USD in 2023. The market experienced marked resilience despite a dip in 2020, showing a strong recovery post-pandemic. Over the last two years, the year-on-year growth was notable, with 2022 and 2023 seeing an increase of 7.26% and 2.58%, respectively. The CAGR from 2018 to 2023 stands at 2.12%, reflecting consistent growth over five years.
Looking forward, the market's future trends to watch include technological advancements in vehicle parts, shifts in consumer demand towards sustainable products, and potential regulatory changes influencing market dynamics in Guatemala.
How does Guatemala rank in Motor Vehicles Parts and Accessories Market Size Value Per Capita?
| # | 45 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,880 | 2023 | View data | ||
| 2 | 2 Austria | 1,590 | 2023 | View data | ||
| 3 | 3 Spain | 1,360 | 2023 | View data | ||
| 4 | 4 Belgium | 1,280 | 2023 | View data | ||
| 5 | 5 France | 1,100 | 2023 | View data | ||
| 33 | 33 Mauritius | 70.2 | 2023 | View data | ||
| 34 | 34 Peru | 49.48 | 2023 | View data | ||
| 35 | 35 Guatemala | 44.91 | 2023 | |||
| 36 | 36 El Salvador | 44.34 | 2023 | View data | ||
| 37 | 37 Dominican Republic | 42.88 | 2023 | View data | ||
