Key Market Indicators
Australian Truck Imports are projected to soar to nearly $9.9 billion by 2028, up from approximately $8.7 billion in 2023. This marks a steady growth of 2.1% annually on a compound annual growth rate (CAGR) basis. The country's truck import demand has consistently increased by 2.1% each year since 1993. In contrast, Australian Truck Exports are expected to decline, falling to around $102 million by 2028 from about $113 million in 2023. This represents an average annual decrease of 1.6%. Over the past three decades, the nation's truck supply has diminished at an annual rate of 2.1%. In 2023, Australia ranked 37th in global truck exports, surpassed by Chile, which matched Australia's $113 million mark. The top three positions in this ranking were held by the United States, Germany, and France, respectively.