In 2023, the import of buses, excluding diesel-powered ones, stood at a slightly higher value than the forecasted figures for upcoming years. From 2024 to 2028, the import of these buses is projected to decline gradually from 2.31 to 2.16 thousand units, representing a year-on-year decrease ranging from approximately 1.72% to 1.82%. The five-year compound annual growth rate (CAGR) suggests a consistent decline at an average rate of around 1.74% per year. This trend indicates a slowing demand or potential shifts in market dynamics.
Future trends to watch include technological advancements in electric and alternative energy vehicles, changes in transportation policies, and variations in global supply chain dynamics. Monitoring these factors could provide insights into shifts in importing trends and market opportunities.
