Key Market Indicators
Tanzanian car registrations plummeted by nearly a third in 2023, falling to approximately 250 units from around 380 units in 2022. This represents a 32.7% decrease compared to the previous year. Since 2010, the demand for car registrations in Tanzania has been on a downward trend, declining by an average of 24% annually. In 2023, the country ranked 125th globally in car registrations, with Belize narrowly surpassing Tanzania with the same number of units. On the global stage, Indonesia, Austria, and Belgium secured the second, third, and fourth spots respectively in the car registration rankings for the year.
