Key Market Indicators
Sri Lanka's truck import market is projected to reach $420 million by 2028, up from approximately $378 million in 2023. This marks a steady annual growth rate of 1.7%. Since 1999, the nation's demand for trucks has increased by an average of 2.5% each year. On the export front, Sri Lankan truck exports are expected to climb to $20 million by 2028, rising from around $17 million in 2023. The export sector is anticipated to grow at an average annual rate of 3%. Since 1999, Sri Lanka's truck supply has seen a significant yearly increase of 4.7%.
