From 2013 to 2023, the market size value per capita for motor vehicle clutches and parts in Zambia has shown a declining trend, decreasing from $0.31 in 2013 to $0.22 in 2023. This represents an annual average contraction of approximately 5.9% over the past decade.
Year-on-year comparison for 2022 and 2023 indicates stability, with no change in value per capita, remaining at $0.22. The last five years exhibited a negative CAGR, highlighting a consistent reduction driven by economic challenges and fluctuating demand.
Future trends to watch for include:
- Evaluation of the potential impact of electric vehicles on traditional automotive parts demand.
- Economic recovery measures which may influence automotive sector growth.
- Adaptations in local manufacturing capabilities affecting market dynamics.
| # | 50 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 55.71 | 2023 | View data | ||
| 2 | 2 Canada | 38.72 | 2023 | View data | ||
| 3 | 3 France | 34.83 | 2023 | View data | ||
| 4 | 4 Japan | 26.72 | 2023 | View data | ||
| 5 | 5 United Kingdom | 26.46 | 2023 | View data | ||
| 46 | 46 Jordan | 0.78 | 2023 | View data | ||
| 47 | 47 Botswana | 0.5 | 2023 | View data | ||
| 48 | 48 Zambia | 0.22 | 2023 | |||
| 49 | 49 Madagascar | 0.16 | 2023 | View data | ||
| 50 | 50 Uganda | 0.15 | 2023 | View data | ||
