The trucks market in El Salvador has seen a fluctuating trend from 2013 to 2023, reaching a value of $500.01 million in 2023. The market experienced notable declines in 2014 and 2015, followed by a significant rebound in 2016. Subsequent years displayed overall growth with minor fluctuations, particularly a drop in 2020 likely due to the pandemic's impact. The market recovered from 2021 onward, showing consistent growth, with an average CAGR of 3.49% over the last 5 years. Year-on-year variations for the last two years were an 8.23% increase from 2021 to 2022 and a 2.68% increase from 2022 to 2023.
Future trends to watch for include the impact of economic recovery post-COVID-19, technological advancements in truck manufacturing, and potential impacts of governmental policies on trade and transportation infrastructure development.
| # | 31 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 35,368,000,000 | 2023 | +1.82% | +0.71% | View data |
| 2 | 2 United Kingdom | 31,707,000,000 | 2023 | +1.38% | +1.29% | View data |
| 3 | 3 Brazil | 22,772,000,000 | 2023 | -1.5% | -2.03% | View data |
| 4 | 4 Japan | 19,967,000,000 | 2023 | -3.63% | -4.09% | View data |
| 5 | 5 Italy | 17,159,000,000 | 2023 | +0.39% | -0.99% | View data |
| 22 | 22 Bulgaria | 623,700,000 | 2023 | +1.92% | +2.16% | View data |
| 23 | 23 Senegal | 537,430,000 | 2023 | +1.74% | +1.33% | View data |
| 24 | 24 El Salvador | 500,010,000 | 2023 | +2.68% | +3.49% | |
| 25 | 25 Estonia | 481,450,000 | 2023 | +2.01% | +0.58% | View data |
| 26 | 26 Bosnia and Herzegovina | 297,200,000 | 2023 | +2.04% | +2.46% | View data |
