The Diesel Automotive market in Montenegro with engines less than 1500cc has experienced fluctuations over the years. In 2023, the market value stood at 38.969 million USD, with a year-on-year growth of 2.33%. Over the last five years, the compound annual growth rate (CAGR) was 2.92%, highlighting moderate growth. The market recovered post-2020, with notable increments in 2021 and 2022, despite previous declines around 2020 due to potential economic hurdles.
Future trends to watch for include growth driven by increased interest in fuel efficiency and low-emission vehicles. Potential regulatory changes promoting cleaner transportation and shifts in consumer preferences towards more sustainable options may also impact market dynamics.
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