Key Market Indicators
Ukrainian vehicle registrations are projected to climb to approximately 2.34 million units by 2028, up from around 1.92 million units in 2023. This marks an average annual growth rate of 3.2%. The market has shown significant progress since 2010, with an overall year-on-year increase of nearly 82%. In the global ranking for 2023, Ukraine held the 22nd position, just behind South Korea. Canada, China, and Austria secured the second, third, and fourth spots, respectively. Meanwhile, Ukrainian vehicle production is expected to reach about 46,000 units by 2028, a substantial rise from roughly 18,650 units in 2023. This translates to an average annual growth rate of 13.7%. Since 2002, the nation's vehicle supply has grown by 23% year-on-year. In 2023, Ukraine ranked 42nd in vehicle production, trailing Belarus. The United States, Japan, and Germany occupied the second, third, and fourth positions in this category, respectively.
