Papua New Guinea. Toyota held 50% in market bouncing back in 2019, up 9.5%

Papua New Guinea car market

Papua New Guinea vehicles market in 2019 reported a robust growth, after four consecutive years of decline. Indeed, the Full-year ended with registrations at 5.331, up 9.5%. Toyota and Nissan grew in double-digits, but the star of the year was Kia, soaring 50.7%.

Papua New Guinea, in the southwestern Pacific, encompasses the eastern half of New Guinea and its offshore islands. A country of immense cultural and biological diversity, it’s known for its beaches and coral reefs. Inland are active volcanoes, granite Mt. Wilhelm, dense rainforest and hiking routes like the Kokoda Trail. There are also traditional tribal villages, many with their own languages. It is a Constitutional Monarchy since the independence from Australia (1975) as Commonwealth member.

Papua New Guinea vehicles market ranks over the World’s 100 position in the 2018. In recent years the highest volume of sales was reached in the 2014 with 8.341 units, before to decline for four years in a row, leading sales at 4.868 (-12.6%) in 2018.

In 2019, the market finally embarked on a positive path. Indeed, the Full-year ended with registrations at 5.331, up 9.5%.

In the competitive landscape, Toyota, which holds 50% the market, grew in double-digits selling 2.685. Isuzu and Nissan held respectively 15.7% and 9.9% of share. The star of the was Kia, soaring 50.7% and reaching the 6th place.

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