Key Market Indicators
Lao truck imports are projected to surge to $204 million by 2028, up from $183 million in 2023. This marks an annual compound growth rate (CAGR) of 1.8%. Since 2015, the demand for trucks in Laos has seen a steady increase of 2.6% year on year. On the export front, Lao truck exports are expected to rise to nearly $8 million by 2028, compared to approximately $6.7 million in 2023. This reflects an annual CAGR of 2.7%. Since 2015, Laos has experienced a significant boost in truck supply, with a year-on-year increase of 4.2%.