Automotive Parts Industry MPI >> globalEDGE: Your source for Global Business Knowledge

Release Date: August 16, 2017

The Industry Specific Market Potential Index (MPI) aims to compare 89 countries, which globally have the highest Gross Domestic Product (GDP), with each other on several dimensions in order to rank them according to their market potential for different industries. The focus of the study is to identify new markets to export goods rather than identifying new countries to invest in.

The Index compares these countries on six dimensions; size, growth rate, capacity, openness of the market, existing logistics infrastructure and risk (political, economic and business) of the country. To measure each dimension a different set of indicators are identified for every industry. Secondary data is used for these indicators which have been gathered from different reputable sources, as noted. Ranking scores are calculated by adding up the dimensions, weighted by relative importance.

While the MPI is a very useful tool for companies in the industry who are in the process of researching new markets for export, it shouldn’t be used as the single source of decision. MPI is designed to support other detailed market research and for verification purposes. It can be utilized as the first step of a market research which will help identify the focus countries that a more detailed market research should be conducted on.

Since MPI is calculated with the most recent data available, it is also important to remember that it represents the current states of the countries and it is not aimed to forecast the future states of the countries.

Industry specific MPIs will be updated annually.

View 'Insights, Rankings & Assumptions' Document

Overall Rank	Country	Market Size Index	Market Growth Rate Index	Market Capacity Index	Market Openness Index	Logistics Infrastructure Index	Country Risk Index	Overall Index
	Estonia
1	China	100	100	100	67	78	60	100
2	Hong Kong	28	62	68	87	77	84	58
3	Japan	30	41	84	85	67	92	57
4	Germany	25	43	46	83	89	94	53
5	Canada	11	45	49	100	84	88	47
6	United Kingdom	13	44	44	87	89	87	46
7	Singapore	13	35	46	89	81	88	45
8	France	14	36	54	83	79	88	45
9	Netherlands	4	37	51	87	100	92	43
10	South Korea	14	48	39	78	71	79	42
11	Finland	2	87	28	88	66	90	42
12	Switzerland	3	37	74	84	68	100	41
13	Spain	12	37	26	81	80	77	39
14	Mexico	18	58	15	85	57	51	39
15	Sweden	3	35	35	84	78	96	38
16	Italy	12	39	27	79	61	77	38
17	Ireland	2	33	75	86	58	86	37
18	Belgium	3	32	21	84	92	89	37
19	Norway	2	39	40	87	56	97	37
20	India	15	80	18	70	36	57	36
21	Denmark	2	38	31	83	73	91	36
22	Austria	3	36	27	84	62	94	35
23	Australia	5	40	38	82	34	91	34
24	Israel	2	67	28	83	42	78	34
25	Malaysia	8	50	10	84	56	69	34
26	Poland	8	49	14	80	49	76	34
27	Czechia	5	47	12	81	49	85	33
28	United Arab Emirates	2	48	27	78	72	69	33
29	Chile	2	62	16	79	47	76	32
30	Slovakia	3	56	11	80	36	78	31
31	Panama	1	53	12	81	77	58	31
32	Portugal	2	29	13	82	62	77	30
33	Morocco	2	89	5	68	49	57	30
34	Lithuania	1	52	10	80	47	73	30
35	Hungary	3	53	9	81	40	67	29
36	Thailand	9	66	8	71	30	54	29
37	Qatar	1	58	33	69	42	67	29
38	Slovenia	1	33	14	83	48	76	28
39	Saudi Arabia	3	62	15	71	44	60	28
40	Bahrain	1	74	14	78	42	48	28
41	Latvia	1	39	10	82	44	75	28
42	Dominican Republic	1	57	6	93	45	42	28
43	New Zealand	2	6	22	86	34	93	28
44	Kuwait	1	83	18	67	24	61	27
45	Peru	1	66	8	78	37	57	27
46	Colombia	2	70	8	74	41	51	27
47	Brazil	13	46	38	58	30	39	27
48	Russia	13	42	24	66	30	39	27
49	Turkey	6	55	11	70	48	44	27
50	Vietnam	3	92	7	68	27	43	27
51	Romania	3	52	9	78	28	60	26
52	El Salvador	1	61	4	86	36	43	25
53	Indonesia	7	67	10	67	9	54	25
54	Philippines	3	74	7	73	6	58	25
55	Bulgaria	2	57	7	78	23	58	25
56	Serbia	1	98	5	72	17	38	25
57	South Africa	3	53	6	68	43	49	24
58	Ecuador	1	76	6	73	47	27	24
59	Jordan	1	75	4	76	29	39	24
60	Costa Rica	1	28	10	88	28	59	24
61	Guatemala	1	59	4	78	35	41	24
62	Greece	3	22	12	79	47	50	23
63	Uruguay	1	43	12	68	39	59	23
64	Oman	1	35	10	77	40	55	23
65	Cote d'Ivoire	1	97	2	63	35	28	23
66	Honduras	1	65	3	76	38	35	23
67	Croatia	1	32	9	81	43	46	23
68	Cyprus	1	25	13	77	31	65	23
69	Sri Lanka	1	80	4	67	24	38	22
70	Bolivia	1	95	3	70	4	34	22
71	Azerbaijan	1	85	6	66	21	30	21
72	Kenya		70	4	57	25	38	20
73	Kazakhstan	1		8	81	12	31	18
74	Lebanon	1	70	7	63	26	20	18
75	Argentina	4	51	12	51	32	32	18
76	Egypt	2	52	6	56	45	25	18
77	Uganda	1	81	1	59	6	28	17
78	Algeria	2	62	5	52	18	39	17
79	Nicaragua	1	49	2	71	23	24	17
80	Paraguay	1	41	3	69	18	32	16
81	Tunisia	1	43	5	58	17	40	16
82	Belarus	1	41	6	80	22	7	15
83	Pakistan	2	81	2	40	26	21	15
84	Ethiopia	1	92	2	49	1	20	15
85	Bangladesh	1	69	4	47	7	28	14
86	Uzbekistan	1	47	4	70	6	16	14
87	Ghana		48	3	54	20	36	13
88	Tanzania	1	53	2	48	11	30	12
89	Ukraine	3	3	5	72	23	12	11
90	Cameroon	1	58	2	37	6	27	10
91	Angola	1	44	7	53	3	16	10
92	Cambodia			2	59	4	29	7
93	Nigeria	1	12	5	50	15	15	6
94	Cuba			6		34	1	5
95	Democratic Republic of the Congo	1	97	1	1	4	9	5
96	Venezuela	1	1	5	37	18	1	1

Dimension	Weight	Measures Used
Market Size	30	Imports of Parts and Accessories (2016) ² Number of Cars & Commercial Vehicles in Use (2015) ¹⁴ Number of Cars & Commercial Vehicles Manufactured (2016) ¹⁵ Number of Cars & Commercial Vehicles Manufactured (2016) ¹⁶
Market Growth Rate	15	Growth Rate of Imports of Parts and Accessories (2011-2016) ² Growth Rate of Number of Cars & Commercial Vehicles in Use (2010-2015) ¹⁴ Growth Rate of Number of Cars & Commercial Vehicles Manufactured (2011-2016) ¹⁵ Growth Rate of Number of Cars & Commercial Vehicles Manufactured (2011-2016) ¹⁶
Market Capacity	10	Foreign Direct Investment, Net Inflows (2015) ³ GNI Per Capita (2016) ¹ R&D Expenditure (2016) ¹
Market Openness	15	Applied Tariff Rate on Auto Parts (2016) ⁴ Burden of Customs Procedure (2016) ³ Cost to Import, Border Compliance (2016) ³ Cost to Import, Documentary Compliance (2016) ³ Imports of Auto Parts and Accessories from US as a Share of Global Imports (2016) ²
Logistics Infrastructure	15	Distance of Country from US (2016) ⁵ Liner Shipping Connectivity Index (2016) ³ Logistics Performance Index (2016) ³ Quality of Port Infrastructure Index (2016) ³
Country Risk	15	Business Risk Rating (2016) ⁸ Economic Risk Rating (2016) ⁷ Intellectual Property Rights Protection (2017) ⁹ Political Risk Rating (2016) ⁶

Data used are those available for most recent year. All sources were accessed in August 2017.

¹ Passport GMID:,Global Market Information Database

² UN Comtrade:,Commodity Trade Statistics Database

³ World Bank:,World Development Indicators

⁴ World Trade Organization (WTO):,Tariff Database

⁵ Happyzebra:,Distances

⁶ Credendo:,Country Risks

⁷ Coface:,Economic Studies

⁸ Swiss Export Risk Insurance:,Cover Practice for Countries and Banks

⁹ International Property Rights Index:,2013 IPRI Report

¹⁰ U.S. Energy Information Administration (EIA):,International Energy Statistics

¹¹ International Labor Organization:,ILOSTAT

¹² Organisation for Economic Co-Operation and Development:,OECD.Stat

¹³ Food and Agriculture Organization of the United Nations:,FAOSTAT

¹⁴ WARDSAUTO:,Data & Insights

¹⁵ International Organization of Motor Vehicle Manufacturers:,Production Statistics

¹⁶ Knoema:,Car Production Statistics

¹⁷ World Intellectual Property Organization (WIPO):,IP Statistics Data Center

For More Information:

For the indexing methodology, please refer to:

"Measuring The Potential of Emerging Markets: An Indexing Approach" - S.Tamer Cavusgil,
Business Horizons, January-February 1997, Vol. 40 Number 1, 87-91: doi .

" Complementary Approaches to Preliminary Foreign Market Opportunity Assessment: Country Clustering and Country Ranking " - S. Tamer Cavusgil, Tunga Kiyak, and Sengun Yeniyurt
Industrial Marketing Management, October 2004, Volume 33, Issue 7, 607-617: doi .

For additional inquiries, please contact MSU-IBC.