The Motor Vehicles Steering Wheels, Columns and Boxes market in Costa Rica showed varied trends from 2013 to 2023. The market value per capita began at $1.95 in 2013 and increased to $2.64 by 2023, with fluctuations in the intervening years. Notable growth occurred from 2013 to 2016, with values progressively rising. However, a dip is observed from 2017 to 2020 due to market fluctuations and global challenges in the automotive supply chain. The value per capita rebounded by 2021, continuing the upward trend to 2023. Year-on-year variations for the last two years indicate modest growth, while the five-year compound annual growth rate (CAGR) showcases steady market recovery and growth.
Looking forward, several trends are expected to influence the market:
- Increased demand for electric and hybrid vehicles steering components.
- Technological advancements driving the demand for advanced steering systems.
- Potential supply chain improvements post-pandemic enhancing market stability.
| # | 28 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 70.35 | 2023 | View data | ||
| 2 | 2 Spain | 68.51 | 2023 | View data | ||
| 3 | 3 United Kingdom | 54.15 | 2023 | View data | ||
| 4 | 4 Italy | 42.56 | 2023 | View data | ||
| 5 | 5 Japan | 42.03 | 2023 | View data | ||
| 18 | 18 Denmark | 4.4 | 2023 | View data | ||
| 19 | 19 Croatia | 4.07 | 2023 | View data | ||
| 20 | 20 Costa Rica | 2.64 | 2023 | |||
| 21 | 21 Montenegro | 2.15 | 2023 | View data | ||
| 22 | 22 Botswana | 1.55 | 2023 | View data | ||
