Gabon vehicles market in 2019 managed to react after 5 consecutive years of decline. Indeed, Full-year sales have been 3.279, surging 13.3% from the previous year. Toyota holds one-third of the light vehicle market, ahead of Ford, Mitsubishi and the fast-growing Renault.
Gabon is a central African country rich is natural resources. With a population of 1.7 million over a surface area of 268,000 square kilometers, Gabon is a sparsely populated country with forests covering 85% of the territory. Gabon is an upper-middle-income country.
The fifth largest oil producer in Africa, it has experienced strong economic growth over the past decade, driven in particular by oil and manganese production. On average, over the past five years, the oil sector has accounted for 80% of exports, 45% of GDP, and 60% of budget revenue. However, the country is facing a decline in its oil reserves. The Gabonese government has therefore based its new strategy on economic diversification.
The recent economic crisis generated by the fall of oil price in the international market, hit the new vehicles demand and market declined in the last 5 years. Indeed, after the record scored in the 2013 with 5.735 units, sales declined at a very little 2.013 in 2018.
In 2019, the market managed to react, signing a sign of recovery. Indeed, Full-year sales have been 3.279, surging 13.3% from the previous year.
Brand-wise, Toyota keeps dominating, holding one-third of the light vehicle market, ahead of Ford, Mitsubishi and the fast-growing Renault.
Tables with sales figures
In the tables below we report sales for Top Brands
