Key Market Indicators
Belarusian car registrations are projected to climb to approximately 82,000 units by 2028, up from around 66,000 units in 2023. This represents an annual growth rate of 3.5%. Since 2010, demand for cars in Belarus has grown by about 6.5% each year. In 2023, Belarus ranked 60th globally in car registrations, with Slovenia slightly ahead at the same figure of 66,000 units. The top spots in this ranking were occupied by Indonesia, Austria, and Belgium, respectively. On the production front, Belarusian car output is forecasted to reach roughly 48,000 units by 2028, rising from around 32,000 units in 2023. This marks an annual growth rate of 6.6%. Since 2018, Belarusian car production has seen a substantial increase of 23.7% annually. In 2023, Belarus ranked 42nd in global car production, with Serbia slightly ahead at the same figure of 32,000 units. Japan, Germany, and India took the top three positions in this ranking.
