Key Market Indicators
In 2023, vehicle registrations in Azerbaijan fell to approximately 2,900 units, a decline of 17% from the 3,500 units recorded in 2022. This marks a continued downward trend for the Azerbaijani market, which has seen an average annual decrease of 6% since 2010. Azerbaijan ranked 112th globally in vehicle registrations in 2023, with Zambia surpassing it by registering roughly the same number of units. On the global stage, Canada, China, and Austria secured the second, third, and fourth positions, respectively, in terms of vehicle registrations. In terms of vehicle production, Azerbaijan reported zero units in both 2017 and 2018, indicating no change from one year to the next.
