Key Market Indicators
Albanian vehicle registrations are projected to hit approximately 4,040 units by 2028, up from around 3,510 units in 2023. This represents a compound annual growth rate (CAGR) of 2.3%. Since 2010, the Albanian market has seen a year-on-year increase of 7.5%. In the 2023 rankings, Albania placed 109th globally, with Macedonia narrowly ahead at 3,510 units. Leading the chart, Canada, China, and Austria secured the second, third, and fourth positions, respectively.
