The Motor Vehicles Parts and Accessories Market in New Zealand showed fluctuations in value per capita, with a low of $251.45 in 2020 and reaching $312.1 by 2023, representing a recovery and growth period. Comparing the 2022 and 2023 data, there's a year-on-year growth of approximately 0.96%. The compound annual growth rate (CAGR) for the last five years (2018-2023) is around 1.43%, indicating a modest annual increase in market value per capita.
Looking ahead, potential trends include technological advancements in vehicle parts, increasing emphasis on sustainable practices, and a shift towards electric and hybrid vehicle components. Monitoring these factors will be key for market players to navigate and capitalize on future opportunities.
How does New Zealand 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 | ||
| 15 | 15 Lithuania | 333.08 | 2023 | View data | ||
| 16 | 16 Switzerland | 329.71 | 2023 | View data | ||
| 17 | 17 New Zealand | 312.1 | 2023 | |||
| 18 | 18 Estonia | 305.77 | 2023 | View data | ||
| 19 | 19 Bahrain | 210 | 2023 | View data | ||
