Key Market Indicators
Cameroonian vehicle registrations are projected to decline to approximately 2,600 units by 2028, a drop from around 2,880 units recorded in 2023. This represents an annual compound growth rate (CAGR) decrease of 1.6%. Since 2010, the vehicle registration market in Cameroon has been shrinking at an annual rate of 1.3%. In the global ranking for 2023, Cameroon held the 113th spot. Azerbaijan surpassed Cameroon with a registration count of 2,880 units. In contrast, Canada, China, and Austria secured the second, third, and fourth positions, respectively, in the global standings for vehicle registrations.
