Key Market Indicators
Belize's truck import market is projected to reach approximately $20.6 million by 2028, up from around $19 million in 2023. This growth represents an average annual increase of 1.4%. Historical data since 1997 shows a steady rise in Belizean demand for trucks, with an average yearly growth rate of 1.8%. In stark contrast, Belize's truck exports are expected to see a significant decline. By 2028, truck exports are anticipated to drop to about $34,900 from $80,200 in 2023, averaging a yearly decrease of 13.1%. Since 1997, Belize has seen its truck supply shrink by an average of 9.6% per year. In 2023, Belize ranked 92nd in truck exports, with Guyana slightly ahead at $80,200. The United States, Germany, and France occupied the second, third, and fourth positions, respectively, in the global rankings.
