Key Market Indicators
Barbados' truck import market is projected to grow steadily, reaching approximately $23.5 million by 2028, up from around $21.6 million in 2023. This reflects an average annual growth rate of 1.4%. Since 2002, the demand for trucks in Barbados has consistently increased by the same annual percentage. On the export front, Barbados is expected to see significant growth. Truck exports are forecasted to climb to nearly $1.3 million by 2028, from about $1.1 million in 2023. This represents a compound annual growth rate (CAGR) of 3.2%. Since 2002, the supply of trucks from Barbados has grown by 3.4% annually. In 2023, Barbados ranked 75th in the global truck export market. Myanmar ranked just ahead with exports valued at approximately $1.1 million. Leading the global rankings were the United States, Germany, and France, occupying the second, third, and fourth spots respectively.