Key Market Indicators
Commercial Vehicle Registration in Ecuador is projected to reach 124,550 units by 2026, with a 4.4% yearly growth. Since 2010, the market has increased by more than 40%. In 2021, Ecuador was in 25th place, with Chile in the lead at 111,540 units. Mexico, Argentina and Australia followed, in that order. Production of Ecuadorian Commercial Vehicles was 1,400 units in 2021, down 6.4% from 2020. Since 2005, the country's supply has dropped by over 12%. Ecuador was 28th in 2021, and Australia was the highest, at 1,400 units. China, Mexico and Canada ranked 2nd, 3rd, and 4th respectively.