Key Market Indicators
Saudi Arabia's computer hardware import market is projected to grow steadily over the next five years. By 2028, imports are expected to reach approximately $297 million, up from around $275 million in 2023. This represents a compound annual growth rate (CAGR) of 1.2%. Since 1996, the demand for computer hardware in Saudi Arabia has increased at an average annual rate of 1.1%. In contrast, the country's computer hardware export market is facing a decline. By 2028, exports are forecasted to drop to nearly $4.1 million, down from about $4.9 million in 2023. This decline translates to an average annual decrease of 2.7%. Despite this downward trend, Saudi Arabia's supply of computer hardware has remained relatively stable since 1996, showing no significant year-on-year growth.
