Key Market Indicators
Yemeni truck imports are projected to decline significantly over the next five years. By 2028, the import value is expected to drop to approximately $47 million, down from around $62 million in 2023. This represents an average annual decrease of 4.3%. Since 2009, the demand for trucks in Yemen has steadily decreased, with an average yearly decline of 4.2%. The ongoing reduction in imports highlights the country's shifting economic landscape and potential challenges in the automotive sector. On the export front, Yemeni truck exports are also facing a sharp downturn. By 2020, the export value is anticipated to plummet to roughly $187,000, a dramatic fall from $1.6 million in 2015. This indicates an average annual decrease of 28.6%. However, despite the recent decline, Yemeni truck supply has shown some resilience over the long term. Since 2009, the supply has increased at an average rate of 2.2% per year, reflecting the complexities of the market and the potential for future growth under different circumstances.