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Paraguay Commercial Vehicle Industry Outlook 2024 - 2028

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

Key Market Indicators

Paraguayan commercial vehicle registrations are projected to decline to approximately 7,200 units by 2028, down from around 7,400 units in 2023. This represents an average annual decrease of 0.3%. Since 2010, the market has seen a consistent downturn, averaging a 0.6% decline each year. In 2023, Paraguay ranked 68th in the world for commercial vehicle registrations, with Panama surpassing it at the same level of around 7,400 units. The leading countries in this category were Canada, Mexico, and Argentina, holding the second, third, and fourth positions respectively. Meanwhile, diesel truck sales in Paraguay are expected to fall to approximately $69.5 million by 2028, down from about $72.1 million in 2023. This decline reflects a compound annual growth rate (CAGR) of -0.5%. Over the past several years, demand has consistently dropped by 0.7% annually. Globally, France, Italy, and Germany held the second, third, and fourth spots in diesel truck sales, following the same downward trend.

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Paraguay Commercial Vehicle Market Data and Forecasts

What is the size of the Paraguayan Commercial Vehicle Market in 2024?

Trucks Market Size Value in Paraguay
Diesel Trucks (Weighing 5-20 Tonnes) Market Size Value in Paraguay
Trucks Market Size Value Per Capita in Paraguay
Diesel Trucks (Weighing 5-20 Tonnes) Market Size Value Per Capita in Paraguay
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How much will Paraguay Commercial Vehicle Market grow to 2028?

Forecast: Trucks Market Size Value in Paraguay
Forecast: Import of Trucks to Paraguay
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