The market for diesel trucks weighing 5-20 tonnes in Senegal has experienced fluctuations over the past decade. In 2023, the market size was valued at $76.089 million USD. The years leading up to 2020 had modest growth, overshadowed by a decline of 13.49% in 2020. Recovery occurred despite challenges, with a year-on-year growth of 7.72% in 2022 and 2.23% in 2023. The compound annual growth rate (CAGR) over the last five years from 2019 to 2023 averaged 2.08%, indicating moderate market stability.
Future trends to watch for include:
- Potential impact of environmental regulations on diesel engine preferences.
- Economic growth affecting demand in construction and transport sectors.
- Technological advancements and shifts towards alternative fuels.
- Regional developments and infrastructure projects enhancing market opportunities.
How does Senegal rank in Diesel Trucks (Weighing 5-20 Tonnes) Market Size Value?
| # | 22 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 35,532,000,000 | 2023 | +1.2% | +1.53% | View data |
| 2 | 2 France | 5,648,000,000 | 2023 | +2.03% | +2.65% | View data |
| 3 | 3 Italy | 3,427,300,000 | 2023 | +1.75% | +1.73% | View data |
| 4 | 4 Germany | 2,457,600,000 | 2023 | -3.76% | -3.63% | View data |
| 5 | 5 Australia | 2,171,900,000 | 2023 | -0.058% | -1.62% | View data |
| 17 | 17 Uganda | 135,870,000 | 2023 | -3.5% | -2.53% | View data |
| 18 | 18 Costa Rica | 111,420,000 | 2023 | +0.18% | +0.96% | View data |
| 19 | 19 Senegal | 76,089,000 | 2023 | +2.23% | +2.08% | |
| 20 | 20 Paraguay | 72,075,000 | 2023 | -0.61% | -0.68% | View data |
| 21 | 21 Honduras | 62,837,000 | 2023 | -0.039% | -0.89% | View data |
