Key Market Indicators
Emirati truck imports are projected to decrease to approximately $745 million by 2028, down from around $1 billion in 2023. This decline represents an average yearly drop of 4.8%. Since 2012, the demand for trucks in the Emirates has diminished by an average of 2.9% annually. On the export front, Emirati truck shipments are expected to reach roughly $530 million by 2028, falling from about $702 million in 2023. This translates to an average annual decrease of 4.4%. Over the last decade, the country's truck exports have decreased by an average of 4.6% each year. In 2023, the Emirates ranked 25th in global truck exports, with Finland overtaking it at approximately $702 million. The United States, Germany, and France held the second, third, and fourth positions, respectively, in the global ranking.