The Diesel Automotive Market with engines less than 1500cc in Estonia exhibited fluctuating trends. In 2023, the market was valued at $79.862 million. Over the past two years, the market showed positive momentum with a 15.5% increase in 2021, followed by a 6.19% growth in 2022, and a modest rise of 0.86% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years was stable at approximately 0.91%.
Future trends to watch for include:
- Potential regulatory changes impacting diesel technology.
- Increased competition from hybrid and electric vehicles influencing consumer preferences.
- Continuing economic factors, including fuel prices and technological advancements, shaping market evolution.
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