The forecasted export value of South Korean buses shows a declining trend from 2024 to 2028. In 2023, the actual export value was higher than the forecasted values for the subsequent years. The year-on-year variation indicates a consistent decline in export values, with a decrease of around 2% each year. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 reflects a steady annual decrease in export value.

Key Future Trends to Watch For:

Global demand shifts towards electric and autonomous buses could influence export volumes.
Trade policies and international relations impacting South Korea's key export markets.
Technological advancements and South Korea’s ability to remain competitive in the bus manufacturing sector.