Key Market Indicators
**Lithuanian Truck Imports to Hit $287 Million by 2028** Lithuania's truck import market is projected to climb to approximately $287 million by 2028, up from $267 million in 2023. This growth represents a compound annual growth rate (CAGR) of 1.2% over the five-year period. Historical data indicates that since 1999, Lithuanian demand for trucks has increased by an average of 0.4% annually. **Truck Exports Set to Decline** Conversely, Lithuanian truck exports are expected to decrease over the same period. By 2028, exports are forecasted to fall to roughly $94 million, down from $103 million in 2023. This represents an average annual decline of 1.3%. Despite this downturn, Lithuanian supply has grown modestly, with a 0.2% year-on-year increase since 1999. **Global Standing and Competitors** In 2023, Lithuania ranked 40th in global truck exports, with Estonia surpassing it at the same export value of $103 million. Major global players in the truck export market include the United States, Germany, and France, which hold the second, third, and fourth positions, respectively.