The Motor Vehicle Wheels (and Parts) market in Mauritius reached a value of 5.761 million USD by 2023. Between 2013 and 2023, the market experienced fluctuations, peaking in 2017 with robust growth, but witnessing a notable drop in 2020. The market rebounded in 2021 and maintained positive growth with a year-on-year increase of 2.33% in 2023. Looking at the last five years, the compound annual growth rate stood at 1.12%.
Future trends to watch for:
- Potential recovery and growth driven by increased vehicle sales or replacements post-pandemic.
- Impact of technological advances such as lightweight or more durable wheel materials.
- Influence of environmental regulations promoting sustainable production processes.
How does Mauritius 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 |
| 30 | 30 Paraguay | 23,646,000 | 2023 | -0.61% | -0.46% | View data |
| 31 | 31 El Salvador | 14,906,000 | 2023 | +4.01% | +4.24% | View data |
| 32 | 32 Mauritius | 5,761,000 | 2023 | +2.33% | +1.12% | |
| 33 | 33 Barbados | 2,287,700 | 2023 | +0.49% | -0.32% | View data |
| 34 | 34 Malta | 1,992,900 | 2023 | +1.99% | +1.92% | View data |
