The forecast for the import of diesel-powered buses to the Philippines shows a steady upward trend from 2024 to 2028. The value is expected to rise from 68.912 million kilograms in 2024 to 74.529 million kilograms by 2028. In 2023, the import stood at 67.518 million kilograms. The year-on-year variations indicate a gradual increase with the following percentages: 2024 (+2.06%), 2025 (+2.10%), 2026 (+2.02%), 2027 (+1.94%), and 2028 (+1.86%). Over the last two years, the average annual growth rate (CAGR) of the imports is projected to be around 2.00%.
Future trends to watch for include the adaptation of cleaner transportation technologies, potential shifts in government policies regarding diesel emissions, and the economic growth of the transport sector influencing the demand for diesel-powered buses. Additionally, the increasing competition from electric and hybrid buses may affect future import volumes of diesel-powered buses.
