Key Market Indicators
British truck exports are projected to decline to approximately $1.64 billion by 2028, down from $1.77 billion in 2023. This represents an average annual decrease of 1.2%. Historical data since 1998 indicates a consistent decline in British truck supply, averaging a 3% drop each year. In 2023, the UK ranked 19th globally in truck exports, with Austria surpassing it at $1.77 billion. The leading countries in this ranking were the United States, Germany, and France, taking the second, third, and fourth positions, respectively. On the import side, British truck imports are expected to climb to about $9.34 billion by 2028, up from $8.47 billion in 2023. This marks an average annual growth rate of 1.6%. Since 1998, the demand for trucks in the UK has shown a steady increase, averaging 2.1% growth per year.
