The global export market for spark ignition engine trucks weighing more than 5 tonnes in 2023 was primarily dominated by the United States, holding 54.9% of the market share by value, followed by Mexico with 28.95%. Among the notable trends, Thailand experienced a significant year-on-year growth of 31.71%, whereas Canada saw a considerable decline of 27.84%. Other countries such as Estonia witnessed remarkable expansion, with a 174.24% increase. Conversely, Japan's share decreased by 8.67%. Over the last five years, these fluctuations indicate shifting dynamics in the global market with emerging players gaining traction.
Looking towards future trends, key factors to watch include advancements in greener spark ignition technologies and shifts in manufacturing hubs or supply chains. The market might witness increased activity in nations investing in alternative energy vehicles, potentially altering the export dynamics of countries prioritized by greener and more efficient engine technologies.
Top countries in Export of Spark Ignition Engine Trucks Weighing More Than 5 Tonnes Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 54.9 | 2023 | +2.55% | +3.48% | View data |
| 2 | 2 Mexico | 28.95 | 2023 | +3.08% | +4.25% | View data |
| 3 | 3 Netherlands | 1.98 | 2023 | +0.12% | -1.67% | View data |
| 4 | 4 China | 1.17 | 2023 | +4.54% | +3.37% | View data |
| 5 | 5 Japan | 1.13 | 2023 | -1.85% | -8.67% | View data |
| 6 | 6 Denmark | 1.03 | 2023 | +2.67% | -3.13% | View data |
| 7 | 7 Thailand | 0.88 | 2023 | +4.58% | +31.71% | View data |
| 8 | 8 Italy | 0.83 | 2023 | -2.87% | -0.26% | View data |
| 9 | 9 United Kingdom | 0.54 | 2023 | -0.094% | -2.06% | View data |
| 10 | 10 South Africa | 0.53 | 2023 | -0.078% | -1.36% | View data |
