From 2013 to 2023, the motor vehicle mufflers and exhaust pipes market in El Salvador saw steady growth, with the value per capita rising from $0.29 to $0.48. Between 2022 and 2023, the market experienced a year-on-year growth of approximately 2.13%. Over the past five years, from 2019 to 2023, the compound annual growth rate (CAGR) was about 2.74%.
Looking forward, factors to watch include:
- Potential impacts of changing vehicle emission regulations.
- Technological advancements in automotive parts.
- Economic conditions influencing vehicle sales and after-market part demand.
- Trends in consumer preferences for electric and fuel-efficient vehicles.
| # | 21 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 46.11 | 2023 | View data | ||
| 2 | 2 Belgium | 34.09 | 2023 | View data | ||
| 3 | 3 United Kingdom | 32.77 | 2023 | View data | ||
| 4 | 4 France | 31.56 | 2023 | View data | ||
| 5 | 5 Denmark | 17.72 | 2023 | View data | ||
| 17 | 17 Indonesia | 0.64 | 2023 | View data | ||
| 18 | 18 Tunisia | 0.52 | 2023 | View data | ||
| 19 | 19 El Salvador | 0.48 | 2023 | |||
| 20 | 20 Colombia | 0.39 | 2023 | View data | ||
| 21 | 21 Honduras | 0.27 | 2023 | View data | ||
