Key Market Indicators
Mozambique's truck import market is projected to decline slightly over the next five years. By 2028, the country's truck imports are expected to reach approximately $173 million, down from around $176 million in 2023. This marks an average annual decrease of 0.2%. The trend of decreasing demand for trucks in Mozambique has been ongoing since 2005, with a yearly decline of 2.7%. On the export side, Mozambique's truck market shows a more optimistic outlook. Truck exports are forecasted to grow modestly, reaching nearly $4.8 million by 2028, up from about $4.7 million in 2023. This represents a compound annual growth rate of 0.2%. Since 2005, Mozambique's truck export supply has increased significantly, with an average annual rise of 13.9%. In 2023, Mozambique ranked 62nd globally in truck exports, with Ivory Coast overtaking with the same export value of around $4.7 million. The United States, Germany, and France ranked second, third, and fourth, respectively, in the global truck export market.