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 |