The Brake System Parts (Except Motor Vehicle Linings) market per capita in Ecuador experienced a growth from $7.96 in 2013 to $10.35 in 2023, an increase of 30%. The market showed fluctuations: a decline in 2016 and a downturn in 2020, recovering steadily post-2020, particularly with a 6.91% increase in 2022 and a 1.08% increase in 2023. The Compound Annual Growth Rate (CAGR) for the last five years is approximately 1.88%, highlighting a gradual growth trend.
Looking ahead, watch for increased urbanization that could drive demand, alongside economic policies impacting consumer spending and automotive sector investments that may bolster growth further.
| # | 41 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 100.22 | 2023 | View data | ||
| 2 | 2 Italy | 97.4 | 2023 | View data | ||
| 3 | 3 United Kingdom | 86.39 | 2023 | View data | ||
| 4 | 4 France | 85.05 | 2023 | View data | ||
| 5 | 5 Austria | 71.01 | 2023 | View data | ||
| 29 | 29 Barbados | 11.28 | 2023 | View data | ||
| 30 | 30 Mauritius | 11.17 | 2023 | View data | ||
| 31 | 31 Ecuador | 10.35 | 2023 | |||
| 32 | 32 Costa Rica | 8.29 | 2023 | View data | ||
| 33 | 33 Peru | 6.76 | 2023 | View data | ||
