Key Market Indicators
Bosnian vehicle registrations are projected to decline to approximately 11,950 units by 2028, down from 12,080 units in 2023. This represents a slight annual decrease of 0.1% in the compound annual growth rate (CAGR). Since 2010, the Bosnian market has seen a gradual increase, with an average annual growth rate of 1.4%. However, in 2023, Bosnia and Herzegovina ranked 89th globally in terms of vehicle registrations, with Libya just ahead, also recording around 12,080 units. In the global rankings for vehicle registrations, Canada, China, and Austria occupied the second, third, and fourth positions, respectively.
