Key Market Indicators
New Zealand's truck import market is projected to surge from approximately $1.58 billion in 2023 to around $1.85 billion by 2028, marking an annual growth rate of 2.5%. This comes as the country's demand for trucks has risen steadily by 3.7% per year since 1994. Meanwhile, New Zealand's truck export market is expected to grow from roughly $13.65 million in 2023 to about $14.70 million by 2028, with an average annual growth rate of 1.2%. Since 1994, the country's truck supply has increased by 0.1% annually. In the global ranking of truck exports for 2023, New Zealand stood at number 55, just behind Zambia, which also recorded $13.65 million. The United States, Germany, and France occupied the second, third, and fourth positions, respectively.
