Key Market Indicators
I-Kiribati's truck import market is projected to reach approximately $3.6 million by 2028, up from around $3.1 million in 2023. This represents an annual compound growth rate (CAGR) of 2.3%. Since 2010, the demand for trucks in I-Kiribati has been on a steady rise, increasing by an average of 3.4% each year. In contrast, I-Kiribati's truck exports have seen a significant downturn. In 2016, the country's truck exports were valued at nearly $78,000, a dramatic drop of 88% from the previous year's figure of approximately $632,000.
