Between 2013 and 2023, the truck market size in Senegal experienced fluctuations, peaking in 2023 at $537.43 million USD. Notable growth periods included 2017 and 2018, with declines in 2014 and a significant downturn in 2020 due to external factors. Recent years showed recovery, with a moderate year-on-year growth of 1.74% in 2023 and a five-year CAGR of 1.33%, indicating resilience and slow market stabilization.
Future trends to watch for include:
- Technological advancements in truck design and efficiency.
- Government policies affecting imports and local manufacturing.
- Economic conditions impacting transportation and logistics sector demand.
- Potential growth in infrastructure development projects across Senegal.
| # | 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 |
| 21 | 21 Slovakia | 631,580,000 | 2023 | +2.3% | +2.68% | 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% | |
| 24 | 24 El Salvador | 500,010,000 | 2023 | +2.68% | +3.49% | View data |
| 25 | 25 Estonia | 481,450,000 | 2023 | +2.01% | +0.58% | View data |
