Key Market Indicators
Saudi Arabia's plastic imports are projected to rise to approximately $3.8 billion by 2028, up from around $3.5 billion in 2023, marking an annual growth rate of 1.5%. This growth continues a trend seen since 1996, where the country's demand for plastic has increased by 2.2% annually. On the export front, Saudi Arabia is expected to see its plastic exports climb to roughly $28.1 billion by 2028, compared to about $24 billion in 2023. This represents a compound annual growth rate (CAGR) of 2.5%. Since 1996, the nation's plastic supply has grown by 2.8% each year. These figures highlight Saudi Arabia's expanding role in the global plastics market, both as a consumer and a supplier.
