Key Market Indicators
Ireland's truck import market is projected to surge to approximately $802 million by 2028, up from around $727 million in 2023. This marks a compound annual growth rate (CAGR) of 1.6%. The country's demand for trucks has shown a consistent increase of 2% annually since 1997. In contrast, Ireland's truck exports are expected to decline, reaching roughly $32 million by 2028, down from nearly $40 million this year. This represents a CAGR decrease of 3.2% annually. The supply of trucks from Ireland has been on a downward trend, decreasing by 5.1% each year since 1997. In the global rankings for truck exports in 2023, Ireland was positioned at number 47, with Latvia slightly ahead at the same approximate value of $40 million. The leading exporters in this sector were the United States, Germany, and France, holding the second, third, and fourth spots respectively.