Based on the data provided, the year-on-year percentage variations for the forecasted import values (in Million US Dollars) of compression-ignition engines to Saudi Arabia are as follows:
- 2025: -12.55%
- 2026: -14.10%
- 2027: -16.04%
- 2028: -18.75%
The Compound Annual Growth Rate (CAGR) over the forecasted period from 2024 to 2028 is -14.81%.
The steady decline in imports of compression-ignition engines to Saudi Arabia indicates a possible shift towards alternative energy sources or local manufacturing improvements. Key factors to observe include advancements in electric vehicle technology, changes in global oil prices, and policies promoting sustainability.
