The global export of spark ignition engine trucks weighing less than 5 tonnes is dominated by Mexico, accounting for over half of the market share in 2023. The United States and Canada also hold significant shares, while other countries like Brazil and Japan show export shares in the low single digits. Countries like China, Spain, and several European nations contribute minor percentages.
Recent trends indicate that North American exporters, such as Mexico and Canada, are experiencing gradual growth, whereas some European markets such as Germany and France face declines. Notably, emerging markets like Armenia and El Salvador show impressive growth percentage changes, indicating potential future roles.
Looking forward, increasing environmental regulations may challenge traditional spark ignition engine markets. However, the United States and Mexico are poised to maintain leadership due to their established manufacturing capabilities and trade agreements. Emerging markets might witness growth in electric and alternative energy-powered trucks, thus altering future market dynamics.
Top countries in Export of Spark Ignition Engine Trucks Weighing Less Than 5 Tonnes Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Mexico | 54.38 | 2023 | +3.44% | +4.11% | View data |
| 2 | 2 United States | 30.17 | 2023 | +2.17% | +2.91% | View data |
| 3 | 3 Canada | 7.72 | 2023 | +1.19% | +2.12% | View data |
| 4 | 4 Brazil | 2.6 | 2023 | +2.89% | +4.51% | View data |
| 5 | 5 Japan | 2.27 | 2023 | -4.44% | -4.01% | View data |
| 6 | 6 Spain | 1.52 | 2023 | +4.52% | +2.98% | View data |
| 7 | 7 China | 1.26 | 2023 | +0.96% | -1.29% | View data |
| 8 | 8 Poland | 0.8 | 2023 | +4.07% | +1.88% | View data |
| 9 | 9 Kuwait | 0.28 | 2023 | -1.58% | +4.58% | View data |
| 10 | 10 Argentina | 0.26 | 2023 | -17.98% | -9.46% | View data |
