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Azerbaijan Commercial Vehicle Industry Outlook 2024 - 2028

See how Azerbaijan Commercial Vehicle performed compared to key markets such as the United States, Canada and Mexico.

Key Market Indicators

Azerbaijan's commercial vehicle registration is projected to decline significantly over the next five years. By 2028, the number of registered commercial vehicles in the country is expected to fall to approximately 426 units, down from 558 units in 2023. This represents an annual compound growth rate (CAGR) decline of 4.2%. Since 2010, the Azerbaijani market has experienced a steady decrease, averaging a 7% drop per year. In the current year, Azerbaijan is ranked 113th globally in terms of commercial vehicle registrations. Notably, the Democratic Republic of the Congo has surpassed Azerbaijan, also recording 558 units in 2023. Leading the global rankings for commercial vehicle registrations are Canada, Mexico, and Argentina, occupying the second, third, and fourth positions, respectively.

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Azerbaijan Commercial Vehicle Market Data and Forecasts

How much will Azerbaijan Commercial Vehicle Market grow to 2028?

Forecast: Import of Buses to Azerbaijan
Forecast: Import of Trucks to Azerbaijan
Forecast: Import of Buses Except Diesel Powered to Azerbaijan
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