Yemen 2018. Toyota holds 91.6% share in a market up 37.8%

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Yemen Cars Market
Toyota-HiLux_2016

Yemen Cars Market in the 2018 has improved 37.8%, signing the second year of growth in a row, ending with registrations at 5.231. Toyota has dominated the market with 91.6% of market share, closing with 4.794 units sold.

Economic Environment

The government and Houthi rebels agreed to a ceasefire in early December, brokered under the guidance of the UN. Both parties withdrew forces from the besieged port city of Hodeidah, which historically has brought most food and fuel supplies into Yemen and is currently a stronghold of the Houthi rebels. Another round of UN-backed talks is scheduled at the end of January, during which a framework for political negotiations is to be discussed.

This year the economy is expected to return to growth for the first time in six years, although this is primarily due to a miserably-low base effect.

Market Trend

Yemeni vehicles market collapsed in the past years. From the 14.696 vehicles sold in the 2013 the industry dropped to only 3.025 in the 2016, before to show a little recovery in the 2017, mainly in the second half, with 3.938 units.

In the 2018 has improved from the previous year. Indeed, this has been the second consecutive year of gain, ending with sales up 37.8%. The market has closed with registrations at 5.231.

Only sixth carmakers reported sales in the 2018 and Toyota holds 91.6% of market share with 4.794 sales.

MarketSales 2014Sales 2015Sales 2016Sales 2017Sales 2018'+/- 2018
Car+LCV6.1768.6583.0253.7955.23137,8%

Research, Consulting, Data & Forecast

F2M covers intensively this market with several products developed to help any investigation required. Market Researches in PDF are immediately available for download with study on the market since 2005 and with forecast up to the 2025. AutoData in EXCEL are immediately downloadable with annual sales volume, split by month, for all brands and all models distributed in the market. This year data are released year to date, but you will receive a monthly update until the year-end.  See details within Yemen Corner Store.