Mozambique’s Auto market in 2022 reversed the downtrend set in the previous year, totaling 2,607 sales, a 12.0% increase from the prior year.
Market Trend and Outlook
Mozambique’s vehicle market in 2022 reversed the downtrend set in the previous year, totaling 2,607 sales, a 12.0% increase from the prior year.
Looking at cumulative data from 2022 brand-wise, the leader is Toyota up 12.2% in sales, followed by Ford which gained 13.1% in market volume this year. Nissan in third increased in sales by 11.9%.
Medium-Term Market Trend
The Mozambican vehicle’s market is finally back on track, after an extremely weak 2015-2017 period of time, where registrations were almost only two-third of the 2014 volume. When the market had posted the all-time record in 2014 with 7,286 sales (including HCVs), nobody would have thought there could be a drop in sales at 2,478 units. Indeed, in 2018 the market started recovering with 3,817 units sold (+54%).
In 2019, the market signed the second consecutive annual growth. Indeed, Full-year registrations have been 4,172, up 9.3% from the previous year.
Due to the COVID-19 Pandemic full-Year sales for 2020 have been 3,281, reporting a decline of 21.4% compared to 2019.
The downfall continued into 2021, with sales at 2,327 reporting an 11.1% decrease compared to 2020.