Key Market Indicators
Malawi's truck import market is projected to decline slightly over the next five years. By 2028, the value of truck imports is expected to decrease to approximately $35 million, down from around $36 million in 2023. This represents an average annual decline of 0.2%. Historical data since 1995 indicates a consistent yearly reduction in demand for truck imports by the same rate of 0.2%. In contrast, Malawi's truck export market is forecasted to experience growth. By 2028, truck exports are anticipated to reach nearly $7 million, up from about $6 million in 2023. This marks a compound annual growth rate (CAGR) of 1.5%. Since 1995, the supply of trucks for export from Malawi has been on an upward trajectory, increasing by an average of 2.1% annually.