Key Market Indicators
Qatar witnessed a significant decline in commercial vehicle registrations in 2023, with the total falling to approximately 4,200 units. This marks a sharp 18% drop from the 5,100 units registered in 2022. The downturn is part of a broader trend, as the Qatari market has experienced an annual decrease of around 14% since 2010. In the global ranking for 2023, Qatar slipped to the 78th position. Ivory Coast edged ahead of Qatar with the same number of units at roughly 4,200. Leading the rankings were Canada, Mexico, and Argentina, occupying the second, third, and fourth positions respectively.
