The Motor Vehicle Wheels (and parts) market in Argentina experienced notable fluctuations in size value from 2012 to 2022. Despite a peak in 2013, the market saw a significant decline in 2014, followed by a consistent downward trend until 2016. A slight recovery was observed from 2017 onwards, with modest growth until 2019 and a sharp decline again in 2020 due to external factors. Subsequent years showed signs of recovery, with an uptrend in 2021 and 2022, though market size value remained below the initial levels observed in 2013.
The market demonstrated an overall negative CAGR over various periods, indicating a general downward trend. The last two years showcased positive year-on-year variation, indicating a potential recovery trajectory.
Trends to watch for in the future include advancements in automotive technology, shifts in consumer preferences, regulatory changes, and the impacts of global supply chain disruptions. An eye on economic policies and their influence on manufacturing and export capabilities will also be crucial.
How does Argentina rank in Motor Vehicle Wheels (And Including Parts) Market Size Value?
| # | 36 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 39,551,000,000 | 2023 | +2.38% | +2.35% | View data |
| 2 | 2 China | 19,307,000,000 | 2023 | +3.7% | +3.76% | View data |
| 3 | 3 Germany | 8,397,200,000 | 2023 | +1.11% | +1.25% | View data |
| 4 | 4 Japan | 7,915,500,000 | 2023 | -0.11% | -1.47% | View data |
| 5 | 5 United Kingdom | 3,316,600,000 | 2023 | +0.57% | +0.48% | View data |
| 11 | 11 Belgium | 998,500,000 | 2023 | +0.41% | -0.32% | View data |
| 12 | 12 Indonesia | 981,400,000 | 2023 | +2.01% | +0.47% | View data |
| 13 | 13 Argentina | 752,830,000 | 2023 | -1.24% | -1.77% | |
| 14 | 14 South Korea | 717,080,000 | 2023 | +4.03% | +5.04% | View data |
| 15 | 15 Netherlands | 666,990,000 | 2023 | +1.8% | +1.95% | View data |
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