As of 2023, Germany imported 30.35 thousand units of goods vehicles with spark-ignition internal combustion piston engines. Over the subsequent forecast period from 2024 to 2028, imports are expected to decline steadily each year. Specifically, the projected year-on-year decreases are approximately 3.5% from 2024 to 2025, 3.6% from 2025 to 2026, 3.7% from 2026 to 2027, and similarly 3.8% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over this period is estimated to be -3.5%.
Future trends to watch for include:
- Increasing adoption of electric vehicles impacting demand for spark-ignition engines.
- Potential economic policies that may influence import tariffs or restrictions.
- Technological advancements that could alter vehicle import dynamics.
