Key Market Indicators
Uzbekistan is projected to see a significant increase in car registrations, with numbers expected to climb to approximately 509,000 units by 2028, up from around 370,000 units in 2023. This marks an average annual growth rate of 5%. Since 2010, the demand for cars in Uzbekistan has surged by an impressive 51% each year. In 2023, Uzbekistan ranked 36th globally for car registrations, with Kazakhstan slightly ahead at the same figure of 370,000 units. Indonesia, Austria, and Belgium secured the second, third, and fourth spots, respectively. In terms of car production, Uzbekistan is forecasted to reach about 304,000 units by 2028, rising from roughly 289,000 units in 2023, which translates to an annual growth rate of 0.8%. Since 2002, the country's car supply has seen a 5.6% year-on-year increase. In the global rankings for 2023, Uzbekistan held the 27th position, with South Africa just ahead at 289,000 units. Japan, Germany, and India were the top three nations in this category.
