Key Market Indicators
Libyan Vehicle Registration is projected to plummet to 1,650 units by 2028, a stark decrease from 12,350 units in 2023. This represents an average annual decline of approximately 30%. Since 2010, the Libyan market has been on a downward trajectory, falling at an average rate of 7% per year. The country's ranking in vehicle registrations saw it positioned at 88th globally in 2023. Ivory Coast surpassed Libya with 12,350 registered units. In the same ranking, Canada, China, and Austria claimed the second, third, and fourth positions, respectively.
