Key Market Indicators
Belarus is projected to see its vehicle registration numbers rise to approximately 89,000 units by 2028, up from around 73,000 units in 2023. This marks a compound annual growth rate (CAGR) of 3.4%. Since 2010, the Belarusian market has experienced a 6.7% year-on-year increase. In 2023, Belarus was ranked 61st globally, with Puerto Rico slightly ahead at 73,000 units. Leading the rankings were Canada, China, and Austria, occupying the second, third, and fourth spots respectively. In terms of vehicle production, Belarus is expected to reach roughly 21,000 units by 2028, a modest increase from about 21,000 units in 2023, growing at an average annual rate of 0.3%. However, since 2004, Belarusian vehicle production has seen a decline of 2.2% year-on-year. In 2023, Belarus held the 41st position, just behind Serbia at 21,000 units. The top three positions in vehicle production were held by the United States, Japan, and Germany.
