In 2023, the export of buses from Singapore stood at 34.48 million USD. Forecasted data for the period from 2024 to 2028 shows a steady increase with export values of 34.48 million USD, 34.868 million USD, 35.249 million USD, 35.621 million USD, and 35.986 million USD respectively.
Year-on-year variations indicate the following:
- From 2024 to 2025: 1.13% increase
- From 2025 to 2026: 1.09% increase
- From 2026 to 2027: 1.06% increase
- From 2027 to 2028: 1.02% increase
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is projected to be around 1.08% per year.
Future trends to watch for include potential regulatory changes in international trade, the impact of technological advancements in bus manufacturing, and fluctuations in global demand driven by environmental and sustainability initiatives.
