The diesel truck market in El Salvador for vehicles weighing less than 5 tonnes experienced varying trends from 2013 to 2023. In that period, the market size increased from $255.03 million to $337.22 million. Notably, after a significant dip in 2020 with a year-on-year decrease of 15.97%, the market rebounded in 2021 with a 16.55% increase. From 2019 to 2023, the market demonstrated resilience with a compound annual growth rate (CAGR) of 2.1%, indicating a steady recovery.
Future trends to watch for include the impact of technological advancements in diesel efficiency, potential shifts towards electric solutions, governmental regulations affecting diesel emissions, and economic factors influencing the automotive market. Monitoring these trends will be crucial for navigating the diesel truck market landscape in El Salvador.
How does El Salvador 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 |
| 18 | 18 Guatemala | 979,570,000 | 2023 | +2.72% | +3.58% | View data |
| 19 | 19 Honduras | 465,770,000 | 2023 | +2.89% | +1.67% | View data |
| 20 | 20 El Salvador | 337,220,000 | 2023 | +1.69% | +2.1% | |
| 21 | 21 Uganda | 266,320,000 | 2023 | +1.96% | -0.025% | View data |
| 22 | 22 Senegal | 264,390,000 | 2023 | +0.4% | -1.44% | View data |
