Key Market Indicators
Ethiopian Truck Imports are projected to soar to nearly $1.4 billion by 2028, up from approximately $1.18 billion in 2023. This marks an average annual growth rate of 2.6%. Since the turn of the century, the demand for trucks in Ethiopia has been on a steady rise, increasing by an average of 4.1% each year. On the export front, Ethiopia's truck exports are expected to climb to over $5.1 million by 2028, up from roughly $4.5 million in 2023. This represents a compound annual growth rate (CAGR) of 2%. Since 2005, the supply of trucks from Ethiopia has seen a consistent yearly increase of 2.8%.