The import of diesel-powered buses in Argentina has exhibited significant fluctuations from 2013 to 2023. In 2017, imports surged by 20.56% but then dropped by a steep 60.01% in 2018. The period from 2019 to 2021 saw a mix of rebound and decline, culminating in 2023 with a slight dip of 1.09%. Comparing 2022 to 2023 revealed marginal declines, indicating stabilization. Imports in 2023 stood at $78.574 million.
Over the last five years, the compound annual growth rate (CAGR) was 6.22%. Future forecasts predict a diminishing trend with the CAGR expected to be -0.93% by 2028. A 4.56% overall decline is also anticipated during this period, suggesting a gradual decrease in imports.
- Year-on-Year variation for last two years: 4.10% in 2022, -1.09% in 2023
- Last 5-Year CAGR: 6.22%
Future Trends to Watch: Factors such as the shift towards electric and hybrid vehicles, economic conditions, and policy changes on emissions may impact future import levels of diesel-powered buses. Monitoring technological advancements and regulatory frameworks will offer deeper insights.
