Key Market Indicators
Commercial vehicle registration in Colombia is set to reach 710,310 units by 2026, up from 561,380 units in 2021. This is an average year-on-year growth rate of 5.6%. Since 2010, Colombian market has grown by 78.7% year on year. In 2021, Israel topped the ranking with 561,380 units, followed by Mexico, Argentina and Australia. Meanwhile, Colombian commercial vehicle production is forecast to reach 374,760 units by 2026, down from 724,850 units in 2021. This is an average year-on-year decline of 11.2%. Since 2005, Colombian supply has decreased by 7.8% year on year. In 2021, Tunisia was number one in the ranking with 724,850 units, followed by China, Mexico and Canada.
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