Diesel Trucks (Weighing Less than 5 Tonnes) Market Size Value in Honduras

The diesel trucks market in Honduras for vehicles weighing less than 5 tonnes reached a market size value of $465.77 million USD in 2023. Over the last two years, the market experienced a strong growth pattern with a year-on-year increase of 8.46% in 2022 and 2.89% in 2023. Over the last five years, the market demonstrated an average annual growth rate (CAGR) of 1.67%, indicating steady progress, despite fluctuations observed earlier in the decade.

Future trends to watch for:

  • Potential impacts of economic policy changes on vehicle imports and pricing.
  • Shifts towards more environmentally sustainable technologies and fuels.
  • Influence of regional trade agreements on the automotive market dynamics.
  • Technological advancements in vehicle efficiency and emissions reduction.

How does Honduras rank in Diesel Trucks (Weighing Less than 5 Tonnes) Market Size Value?

# 26 Countries US Dollars Last Year YoY 5-years CAGR
1 1 United Kingdom 21,716,000,000 2023 +3.25% +2.71% View data
2 2 Spain 9,793,900,000 2023 +1.15% +0.37% View data
3 3 Canada 5,934,800,000 2023 +2.78% +1.75% View data
4 4 South Africa 4,539,500,000 2023 +1.5% +1.55% View data
5 5 Sweden 4,451,900,000 2023 +2.49% +2.66% View data
17 17 Peru 1,394,100,000 2023 +0.65% +0.21% View data
18 18 Guatemala 979,570,000 2023 +2.72% +3.58% View data
19 19 Honduras 465,770,000 2023 +2.89% +1.67%
20 20 El Salvador 337,220,000 2023 +1.69% +2.1% View data
21 21 Uganda 266,320,000 2023 +1.96% -0.025% View data

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