Key Market Indicators
Ukrainian car registrations are projected to reach approximately 3 million units by 2028, up from around 1.9 million units in 2023. This represents an annual growth rate of 7%. Since 2010, the demand for car registrations in Ukraine has surged by 88%. In 2023, Ukraine ranked 18th globally, with Colombia slightly ahead at 1.9 million units. The top three spots were held by Indonesia, Austria, and Belgium. In stark contrast, Ukrainian car production plummeted to just 168 units in 2023, down from 2,000 units in 2022—a dramatic 92% decline from the previous year. Since 2002, the country's car supply has decreased by over 50% annually. In 2023, Ukraine was ranked 44th in car production, overtaken by Egypt with the same number of units. The leading producers were Japan, Germany, and India.
