Paraguay Commercial Vehicle Industry Outlook 2022 - 2026

Key Market Indicators

Paraguay's commercial vehicle registration is expected to drop slightly to 6,880 units by 2026, down 0.7% annually from 2021's total of 7,040. Since 2010, the market has grown by 1% each year. Paraguay was ranked 70th in 2021, with Jordan coming in ahead at 7,040 units. Mexico, Argentina and Australia took up the second, third and fourth spots in the ranking, respectively. Meanwhile, diesel truck sales are projected to reach $66.9 million by 2026, a 0.8% year-on-year decrease from the $69.3 million reported in 2020. Demand for this type of vehicle has dropped 1.5% annually since then. France, Italy and Australia ranked second, third and fourth, respectively.

Paraguay Commercial Vehicle Market Data and Forecasts

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