Key Market Indicators
Iraqi vehicle registration is projected to increase to approximately 69,000 units by 2028, up from about 68,000 units in 2023. This represents an average annual growth rate of 0.3%. Since 2010, the Iraqi market has experienced a year-on-year increase of 4.9%. In 2023, Iraq ranked 62nd globally in vehicle registration, just behind Belarus, which also registered nearly 68,000 units. On the global stage, Canada, China, and Austria secured the second, third, and fourth positions respectively in vehicle registration rankings.
