Based on the forecasted data, Germany's imports of automobiles with spark-ignition internal combustion reciprocating piston engines of cylinder capacity 1000-1500 CC are expected to show a steady year-on-year increase from 2024 to 2028. In 2023, the actual import volume stood at 1.1 billion kilograms. The forecast suggests a consistent growth pattern with import values rising from 1.1781 billion kilograms in 2024 to 1.2786 billion kilograms in 2028, corresponding to a compound annual growth rate (CAGR) of approximately 2% over five years.
Future trends to watch for include:
- A potential shift in consumer preference towards electric vehicles, which might impact traditional ICE vehicle imports.
- Geopolitical and economic factors that could influence international trade policies and subsequently affect import volumes.
- Technological advancements in engine efficiency and design could alter market dynamics and consumer preferences.
