Between 2013 and 2023, the motor vehicle bumpers and parts market in Honduras grew from $0.65 to $1.02 per capita, showing an upward trend with some fluctuations. By 2023, the market value per capita was $1.02, marking a modest increase.
In terms of year-on-year changes from 2022 to 2023, the rate was around 0.99%, indicating stability after recovering from a dip in 2021. The compound annual growth rate (CAGR) over the last 5 years was approximately 1.48%, reflecting steady growth during this period.
Future trends to watch in this sector include increasing demand due to urbanization and the expansion of the Honduran automobile industry, which might accelerate market growth. Additionally, technological innovations in bumper materials may offer new opportunities.
| # | 34 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Canada | 50.6 | 2023 | View data | ||
| 2 | 2 Austria | 35.45 | 2023 | View data | ||
| 3 | 3 Australia | 32.71 | 2023 | View data | ||
| 4 | 4 Germany | 32.38 | 2023 | View data | ||
| 5 | 5 Norway | 29.95 | 2023 | View data | ||
| 30 | 30 Tunisia | 1.95 | 2023 | View data | ||
| 31 | 31 Botswana | 1.07 | 2023 | View data | ||
| 32 | 32 Honduras | 1.02 | 2023 | |||
| 33 | 33 Vietnam | 0.71 | 2023 | View data | ||
| 34 | 34 Kenya | 0.22 | 2023 | View data | ||
