Key Market Indicators
Lebanese truck imports are projected to climb to approximately $168 million by 2028, up from around $155 million in 2023. This marks an average annual growth rate of 1.3%. Since 2002, the demand for trucks in Lebanon has increased at an average annual rate of 3.8%. On the export front, Lebanese truck exports are forecasted to grow slightly to about $3.3 million by 2028, compared to nearly the same amount in 2023. This indicates a marginal average annual growth rate of 0.1%. However, since 2002, Lebanon's truck supply has decreased by an average of 2.4% per year. In the global ranking for 2023, Lebanon stood at 66th place in truck exports, with Greece just ahead at nearly $3.3 million. The United States, Germany, and France occupied the 2nd, 3rd, and 4th positions, respectively, in this ranking.
