Key Market Indicators
Algerian vehicle registration is projected to decline significantly over the next few years. By 2028, the number of registered units is expected to fall to approximately 82,000, down from around 105,000 units in 2023. This represents a year-on-year compound annual growth rate (CAGR) decline of 3.8%. The trend has been downward since 2010, with an annual decrease of 3.9%. In the global ranking for vehicle registration in 2023, Algeria stood at number 57, with Ireland surpassing it with the same number of units registered. Leading the ranks were Canada, China, and Austria, taking the second, third, and fourth spots respectively. Conversely, Algerian vehicle production is on an upward trajectory. By 2028, production is expected to hit roughly 134,000 units, up from about 82,000 units in 2023. This marks a robust year-on-year CAGR growth of 7.7%. Since 2019, the supply of vehicles in Algeria has seen a moderate annual increase of 3%. In the 2023 global production ranking, Algeria was positioned at number 38, with Ukraine ahead at the same production level. Dominating the top ranks were the United States, Japan, and Germany, securing the second, third, and fourth positions respectively.
