The truck market size value per capita in Ecuador has shown a declining trend from 2013 to 2023. In 2013, the value was $138.98 per capita, and by 2023, it fell to $58.34 per capita. This represents a significant decrease over ten years, highlighting a persistent downward trend.
Observing year-on-year percentage changes for the past two years: between 2021 and 2022, there was a decrease of 3.86%, and from 2022 to 2023, the market dropped by 9.32%. The compound annual growth rate (CAGR) over the last five years shows an average annual decline of 1.68%.
The outlook for the truck market in Ecuador suggests potential volatility due to economic factors such as fluctuating fuel prices, regulatory changes, and technological advancements in alternative fuels and electric vehicles. Monitoring shifts in consumer preferences and macroeconomic trends will be crucial for future market dynamics.
| # | 31 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 614.73 | 2023 | View data | ||
| 2 | 2 Finland | 608.66 | 2023 | View data | ||
| 3 | 3 France | 523.18 | 2023 | View data | ||
| 4 | 4 Denmark | 481.39 | 2023 | View data | ||
| 5 | 5 United Kingdom | 471.25 | 2023 | View data | ||
| 25 | 25 El Salvador | 77.1 | 2023 | View data | ||
| 26 | 26 Honduras | 65.31 | 2023 | View data | ||
| 27 | 27 Ecuador | 58.34 | 2023 | |||
| 28 | 28 Senegal | 32.2 | 2023 | View data | ||
| 29 | 29 Albania | 24.57 | 2023 | View data | ||
