The market size value of diesel trucks weighing less than 5 tonnes in Uganda reached $266.32 million in 2023, showing a recovery trend since a drop in 2020. Despite fluctuating market values, the sector appreciated from 2021 to 2023, with year-on-year growth rates stabilizing at around 2%. Over the last 5 years, however, the compound annual growth rate (CAGR) remained nearly flat.
Future trends to watch for:
- An increasing focus on sustainability and potential government regulations on emissions, which may shift market dynamics.
- A rise in infrastructure development and urbanization that could boost demand for light commercial vehicles.
- Technological advancements in diesel engine efficiency and emissions may attract more consumers.
How does Uganda rank in Diesel Trucks (Weighing Less than 5 Tonnes) Market Size Value?
| # | 26 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 21,716,000,000 | 2023 | +3.25% | +2.71% | View data |
| 2 | 2 Spain | 9,793,900,000 | 2023 | +1.15% | +0.37% | View data |
| 3 | 3 Canada | 5,934,800,000 | 2023 | +2.78% | +1.75% | View data |
| 4 | 4 South Africa | 4,539,500,000 | 2023 | +1.5% | +1.55% | View data |
| 5 | 5 Sweden | 4,451,900,000 | 2023 | +2.49% | +2.66% | View data |
| 19 | 19 Honduras | 465,770,000 | 2023 | +2.89% | +1.67% | View data |
| 20 | 20 El Salvador | 337,220,000 | 2023 | +1.69% | +2.1% | View data |
| 21 | 21 Uganda | 266,320,000 | 2023 | +1.96% | -0.025% | |
| 22 | 22 Senegal | 264,390,000 | 2023 | +0.4% | -1.44% | View data |
| 23 | 23 Lithuania | 146,850,000 | 2023 | +2.02% | +0.28% | View data |
