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Colombia Commercial Vehicle Industry Outlook 2024 - 2028

See how Colombia Commercial Vehicle performed compared to key markets such as the United States, Canada and Mexico.

Key Market Indicators

**Colombian Commercial Vehicle Market Forecast: Modest Growth and Decline in Production** By 2028, Colombian commercial vehicle registrations are projected to reach approximately 190,000 units. This figure represents a slight annual growth rate of 0.6% from an estimated 183,000 units in 2023. Since 2010, the Colombian market has experienced a significant surge, with a year-on-year increase of 48%. In the global rankings for 2023, Colombia stood at 21st place. Uzbekistan surpassed Colombia, registering the same number of units. Meanwhile, Canada, Mexico, and Argentina secured the second, third, and fourth positions, respectively. However, the outlook for Colombian commercial vehicle production is less optimistic. Production is anticipated to plummet to around 262 units by 2028, a steep decline from 624 units in 2023. This represents a compounded annual decrease rate of 13.7% since 2005. During this period, Colombian supply has consistently dwindled, averaging an 8.7% annual decline.

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Colombia Commercial Vehicle Market Data and Forecasts

How much will Colombia Commercial Vehicle Market grow to 2028?

Forecast: Import of Trucks to Colombia
Forecast: Export of Trucks from Colombia
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