Key Market Indicators
Bahamian Truck Imports are projected to decline sharply, reaching approximately $3.5 million by 2028, down from nearly $7 million in 2023. This represents an average annual decrease of 11%. The trend of declining demand is not new; since 2002, Bahamian truck imports have fallen at an average rate of 7.8% per year. The export scenario is similarly bleak. In 2015, Bahamian truck exports were valued at around $176,000, a steep drop from approximately $296,000 in 2014, marking a 40.7% decrease year-on-year. The long-term trend is also concerning, with Bahamian truck exports declining by an average of 32.6% annually since 2002.
