The truck market in Honduras reached a value of $652.41 million in 2023. Over the past decade, the market demonstrated notable fluctuations, with significant growth periods between 2015 to 2019 and recovery post-2020. In recent years, specifically 2022 and 2023, the market saw moderate growth with year-on-year increases of 7.8% and 2.3%, respectively. The compound annual growth rate for the past five years stands at 2.04%, suggesting a stabilizing trend.
Future trends to watch for:
- Continued focus on recovery and growth post-pandemic, pushing market expansion.
- Potential impact of government policies and economic conditions on infrastructure development and transportation demands.
- Technological advancements driving efficiency and sustainability in trucking operations.
# | 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 |
18 | 18 Croatia | 777,570,000 | 2023 | +8.42% | +2.38% | View data |
19 | 19 Uganda | 686,190,000 | 2023 | +3.38% | +2.87% | View data |
20 | 20 Honduras | 652,410,000 | 2023 | +2.3% | +2.04% | |
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 |