From 2013 to 2023, the motor vehicle clutches and parts market in Jamaica grew from $1.27 to $1.85 USD per capita. In 2023, the market value stood at $1.85. The year-on-year growth from 2022 to 2023 was 1.09%. Over the past decade, significant fluctuations were seen, with recent years (2018-2023) showing a compound annual growth rate (CAGR) of 2.55%. The market showed resilience post-2020, rebounding from the pandemic-induced dip.
Future trends to watch for:
- Continued recovery and potential growth as automotive supply chains stabilize.
- The impact of electric vehicle adoption on clutch component demand.
- Technological advancements that could change product specifications and market demand.
| # | 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 | ||
| 41 | 41 Morocco | 2.09 | 2023 | View data | ||
| 42 | 42 Honduras | 1.87 | 2023 | View data | ||
| 43 | 43 Jamaica | 1.85 | 2023 | |||
| 44 | 44 Lebanon | 1.81 | 2023 | View data | ||
| 45 | 45 Kenya | 0.96 | 2023 | View data | ||
