The trucks market in Bosnia and Herzegovina reached a value of $297.2 million in 2023. The market experienced fluctuations over the years, notably impacted by a decline in 2020 but saw recovery in 2021. Year-on-year growth in 2023 was a modest 2.04%, revealing a stabilization tendency. The compound annual growth rate over the last five years was 2.46%, indicating consistent albeit slow expansion.
Future trends to watch include:
- Emergence of eco-friendly vehicle technologies.
- Potential economic challenges impacting market growth.
- Infrastructure developments potentially boosting demand.
- Regulatory changes impacting vehicle imports and emissions.
| # | 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 |
| 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 |
| 26 | 26 Bosnia and Herzegovina | 297,200,000 | 2023 | +2.04% | +2.46% | |
| 27 | 27 Luxembourg | 268,820,000 | 2023 | +1.55% | +1.22% | View data |
| 28 | 28 Latvia | 245,300,000 | 2023 | -0.058% | -1.51% | View data |
