The forecast for Thailand's export of buses from 2024 to 2028 shows a steady upward trend. In 2023, the actual export value stood at 45.0 million US dollars. The data predicts an increase to 46.332 million in 2024, continuing to 52.359 million by 2028. The year-on-year variations indicate consistent growth, with increases ranging from approximately 3.4% to 2.9% annually. Over the last two years analyzed, exports have grown by about 7% cumulatively. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is projected to be around 2.9%.
Future trends to watch for include technological advancements in bus manufacturing, shifts in global demand, and potential trade policy changes. Increasing environmental regulations and the push towards electric and green buses may also significantly impact export volumes and values.
