In 2023, the import of diesel powered buses to Thailand stood at 23.55 million kilograms. From 2024 to 2028, the import values are forecasted to show a consistent yet slight increase each year. The year-on-year percentage variations are as follows for the forecasted period: 2024 (+0.17%), 2025 (+0.15%), 2026 (+0.15%), 2027 (+0.14%), and 2028 (+0.14%). The CAGR over the five-year forecasted period is approximately +0.15%.
Future trends to watch for include:
- Potential shifts towards alternative fuel buses due to global environmental policies and local regulations.
- Technological advancements that might impact the efficiency and popularity of diesel buses.
- Economic factors that might alter the import dynamics and demand in Thailand’s bus market.