The market size value for diesel trucks weighing 5-20 tonnes in Honduras experienced various fluctuations from 2013 to 2023, measured in Million US Dollars, standing at $62.837 million in 2023. The market saw significant declines from 2013 to 2016, with recovery occurring between 2017 and 2018, followed by a mixed trend in subsequent years. Specifically, the year-on-year variation in 2022 was positive at 5.22%, indicating a growth phase, then slightly dropped by 0.039% in 2023. Over the last five years, the compound annual growth rate (CAGR) averaged -0.89%.
Future trends to watch for include potential growth driven by increased demand for transportation and logistics. Environmental regulations and innovations in diesel technology may also influence market dynamics. Additionally, the impact of economic policies and infrastructure development within Honduras will be crucial in shaping market trajectories.
How does Honduras rank in Diesel Trucks (Weighing 5-20 Tonnes) Market Size Value?
| # | 22 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 35,532,000,000 | 2023 | +1.2% | +1.53% | View data |
| 2 | 2 France | 5,648,000,000 | 2023 | +2.03% | +2.65% | View data |
| 3 | 3 Italy | 3,427,300,000 | 2023 | +1.75% | +1.73% | View data |
| 4 | 4 Germany | 2,457,600,000 | 2023 | -3.76% | -3.63% | View data |
| 5 | 5 Australia | 2,171,900,000 | 2023 | -0.058% | -1.62% | View data |
| 19 | 19 Senegal | 76,089,000 | 2023 | +2.23% | +2.08% | View data |
| 20 | 20 Paraguay | 72,075,000 | 2023 | -0.61% | -0.68% | View data |
| 21 | 21 Honduras | 62,837,000 | 2023 | -0.039% | -0.89% | |
| 22 | 22 Bosnia and Herzegovina | 52,953,000 | 2023 | +0.3% | -1.05% | View data |
