The market size value per capita for diesel trucks weighing 5-20 tonnes in Cameroon has experienced variable trends from 2013 to 2023, with a peak in 2014 at $3.08 and a decline to $2.31 in 2023. Over the last two years, there was a slight decrease of 3.34% from 2022 to 2023. The compound annual growth rate (CAGR) over the last five years indicates an average annual decline of approximately 2.1%. This downward trend signifies a challenging market landscape, potentially influenced by economic factors and alternative transport options.
Future trends to watch for include:
- Increased adoption of alternative energy vehicles, such as electric trucks, which may continue to impact diesel truck demand.
- Infrastructure developments and government policies that may influence the logistics and transportation sector.
- Economic recovery and growth which could improve market conditions and demand for transportation services.