Key Market Indicators
Guatemala's truck export industry is on a steady rise, with projections indicating it will reach approximately $18.6 million by 2028. This marks an increase from the $17.2 million expected in 2023, reflecting a compound annual growth rate (CAGR) of 1.4%. The sector has shown resilience and consistent growth, with supply increasing by an average of 1.9% annually since 1998. On the import side, Guatemala is also experiencing significant growth. The country's truck imports are expected to climb to around $445.5 million by 2028, up from $400.2 million in 2023. This represents an average annual growth rate of 1.7%. Over the long term, the demand for trucks in Guatemala has grown by 2.5% per year since 1998, indicating a robust and expanding market.
