From 2013 to 2023, the import value of diesel-powered buses to Chile saw significant fluctuations. The value stood at $616.27 million in 2023, growing from $670.47 million in 2013. Over the last two years, from 2021 to 2023, the import value saw a modest rise with year-on-year variations of 7.93% in 2022 and 2.42% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years was 2.06%, suggesting a steady, albeit slow, growth in imports.
The forecast data from 2024 to 2028 shows a gradual increase, with an average annual growth rate of 1.85%, expecting the value to reach $690.74 million by 2028, marking a total growth rate of 9.6% over these years. Future trends to watch for include potential shifts towards electric buses, which could impact diesel bus imports, and evolving policies around emission standards that may incentivize or discourage further diesel bus imports.
