| Product Code: ETC5405043 | Publication Date: Nov 2023 | Updated Date: Dec 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2023, Liberia`s automotive import market saw a significant shift with top exporters being China, UAE, USA, Nigeria, and Germany. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), moved from low to high, indicating a more consolidated market landscape. The impressive Compound Annual Growth Rate (CAGR) of 11.58% and a growth rate of 23.86% further highlight the increasing demand for automotive imports in Liberia, presenting opportunities and challenges for both exporters and local businesses in the sector.

The Automotive market in Liberia is projected to grow at a stable growth rate of 3.13% by 2027, within the Africa region led by Egypt, along with other countries like South Africa, Ethiopia, Algeria and Nigeria, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Liberia Automotive Market Overview |
3.1 Liberia Country Macro Economic Indicators |
3.2 Liberia Automotive Market Revenues & Volume, 2021 & 2031F |
3.3 Liberia Automotive Market - Industry Life Cycle |
3.4 Liberia Automotive Market - Porter's Five Forces |
3.5 Liberia Automotive Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
4 Liberia Automotive Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Economic growth in Liberia leading to increased purchasing power |
4.2.2 Improvement in infrastructure development supporting automotive industry growth |
4.2.3 Rise in demand for commercial vehicles due to expanding businesses |
4.3 Market Restraints |
4.3.1 High import duties and taxes affecting affordability of vehicles |
4.3.2 Limited financing options for purchasing vehicles |
4.3.3 Poor road conditions impacting vehicle performance and maintenance costs |
5 Liberia Automotive Market Trends |
6 Liberia Automotive Market Segmentations |
6.1 Liberia Automotive Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Liberia Automotive Market Revenues & Volume, By Electric, 2021-2031F |
6.1.3 Liberia Automotive Market Revenues & Volume, By Hybrid Electric, 2021-2031F |
6.1.4 Liberia Automotive Market Revenues & Volume, By Plug-In Hybrid Electric, 2021-2031F |
6.1.5 Liberia Automotive Market Revenues & Volume, By Mild Hybrid, 2021-2031F |
6.1.6 Liberia Automotive Market Revenues & Volume, By Natural Gas, 2021-2031F |
6.1.7 Liberia Automotive Market Revenues & Volume, By Fuel Cell Electric, 2021-2031F |
6.1.9 Liberia Automotive Market Revenues & Volume, By Petrol, 2021-2031F |
6.1.10 Liberia Automotive Market Revenues & Volume, By Petrol, 2021-2031F |
7 Liberia Automotive Market Import-Export Trade Statistics |
7.1 Liberia Automotive Market Export to Major Countries |
7.2 Liberia Automotive Market Imports from Major Countries |
8 Liberia Automotive Market Key Performance Indicators |
8.1 Average age of vehicles on the road |
8.2 Number of new car registrations |
8.3 Percentage of GDP spent on transportation infrastructure improvements |
9 Liberia Automotive Market - Opportunity Assessment |
9.1 Liberia Automotive Market Opportunity Assessment, By Product Type, 2021 & 2031F |
10 Liberia Automotive Market - Competitive Landscape |
10.1 Liberia Automotive Market Revenue Share, By Companies, 2024 |
10.2 Liberia Automotive Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |