As of 2023, the import of diesel-powered buses to Saudi Arabia stood at 400 million US dollars. The forecasted data from 2024 to 2028 shows a consistent upward trend in the import value, with figures increasing from 409.32 million US dollars in 2024 to 450 million US dollars by 2028.
Using year-on-year variations, the forecast indicates the following percentage increases:
- 2024-2025: 2.56%
- 2025-2026: 2.44%
- 2026-2027: 2.34%
- 2027-2028: 2.24%
This translates into a compound annual growth rate (CAGR) of approximately 2.39% over the five-year period from 2023 to 2028.
Future trends to watch for include the potential impact of technological advancements in electric and alternative fuel buses, which could affect the demand for diesel-powered buses. Furthermore, policy changes aimed at reducing environmental footprints and encouraging greener public transportation options could also influence future import patterns.
