In 2023, the import volume of diesel automobiles with cylinder capacities over 2500 CC stood at 30.9 million kilograms. The forecast for 2024 shows a slight decline to 30.133 million kilograms. The decreasing trend continues through 2028, with an average year-on-year reduction of approximately 1.5%. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is anticipated to be around -1.7%, indicating a steady decline in imports over this period.
Future trends to watch for:
- Shifts in consumer preferences towards electric vehicles could further impact diesel import volumes.
- Changes in regulatory frameworks aimed at reducing emissions might influence demand for large diesel engines.
- Global economic conditions and trade policies could also play a significant role in import balance.