Key Market Indicators
Algerian car registrations are projected to decline to approximately 108,000 units by 2028, down from about 114,000 units in 2023, marking a yearly average decrease of 0.8%. This trend continues a pattern observed since 2010, where demand has fallen by 2.1% each year on average. In 2023, Algeria placed 54th in global car registrations, with Portugal surpassing it at the same number of units. Meanwhile, Indonesian, Austrian, and Belgian markets secured the 2nd, 3rd, and 4th positions respectively in the same ranking. In contrast, Algerian car production is expected to surge, reaching around 144,000 units by 2028 from roughly 92,000 units in 2023, achieving a compound annual growth rate (CAGR) of 7%. Since 2019, the country's automotive supply has increased by an average of 5.5% per year. In 2023, Algeria ranked 38th in global car production, with Kazakhstan overtaking it at the same production level. Japan, Germany, and India held the 2nd, 3rd, and 4th spots respectively in the global production ranking.
