Key Market Indicators
Cameroonian truck exports are projected to decline significantly by 2028. According to recent data, the value of exports is expected to fall from approximately $833,000 in 2023 to around $544,000 by 2028. This represents a compound annual growth rate (CAGR) decrease of 6.7% year over year. Historically, the country's truck export supply has been on a downward trend, decreasing by an average of 5.7% annually since 2000. In stark contrast, Cameroon's truck imports are on the rise. The value of imports is forecasted to increase from about $104 million in 2023 to approximately $109 million by 2028. This growth translates to a modest average annual increase of 0.8%. Since the turn of the millennium, Cameroon's demand for imported trucks has risen by an average of 1% each year. These contrasting trends highlight the shifting landscape of Cameroon's truck market, with declining export capacity and increasing import demands.