Between 2013 and 2023, the market size value per capita for bicycle pedals, crank-gear, and parts in Honduras showed a declining trend, starting at $0.23 in 2013 and decreasing to $0.17 by 2023. This represents a year-on-year decrease of 5.88% between 2022 and 2023. Examining the period from 2019 to 2023 reveals a compound annual growth rate (CAGR) of -1.46%, indicating an overall downward trend over the last five years.
Future trends to watch include increased environmental awareness which may drive bicycle usage, potentially stabilizing market value. However, competition from electric bike parts and economic factors could continue influencing market dynamics.
| # | 17 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Austria | 3.28 | 2023 | View data | ||
| 2 | 2 Switzerland | 2.95 | 2023 | View data | ||
| 3 | 3 Italy | 2.58 | 2023 | View data | ||
| 4 | 4 France | 2.33 | 2023 | View data | ||
| 5 | 5 Norway | 2.1 | 2023 | View data | ||
| 13 | 13 Indonesia | 0.29 | 2023 | View data | ||
| 14 | 14 Mexico | 0.25 | 2023 | View data | ||
| 15 | 15 Honduras | 0.17 | 2023 | |||
| 16 | 16 Thailand | 0.12 | 2023 | View data | ||
| 17 | 17 Peru | 0.1 | 2023 | View data | ||
