Between 2013 and 2023, the market value for diesel trucks (5-20 tonnes) in Paraguay exhibited significant fluctuations, beginning at $78.509 million in 2013 and reaching $72.075 million in 2023, reflecting a complex market environment. Over the last two years, the market saw moderate movements with a 4.61% rise in 2022 followed by a minor decrease of 0.61% in 2023, signaling stabilization after the sharp decline in 2020. The compound annual growth rate (CAGR) over the past five years stands at -0.68%, illustrating a gradual contraction.
Future trends to watch for include technological advancements promoting more fuel-efficient and environmentally friendly diesel trucks, potential regulatory changes affecting diesel emissions, and shifts in freight and logistics demand spurred by economic activities in Paraguay and its region.
How does Paraguay 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 |
| 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% | View data |
| 20 | 20 Paraguay | 72,075,000 | 2023 | -0.61% | -0.68% | |
| 21 | 21 Honduras | 62,837,000 | 2023 | -0.039% | -0.89% | View data |
| 22 | 22 Bosnia and Herzegovina | 52,953,000 | 2023 | +0.3% | -1.05% | View data |
