In 2023, the export volume of polyurethanes from Saudi Arabia stood at 9.2911 million kilograms. Observing the historical data, the year-on-year variation has seen significant fluctuations, such as an increase of 106.83% in 2017 and a decline of 26.72% in 2018. However, recent trends indicate a relatively stable growth, with a year-on-year increase of 10.55% in 2022 and 4.68% in 2023. The last five years show a CAGR of 6.95%, signalling moderate growth.
Looking ahead to the forecasted period (2024-2028), the expected 5-year CAGR is 3.31%, projecting the export volume to reach 11.437 million kilograms by 2028, reflecting a 17.7% overall growth rate.
Future trends to watch for include:
- Fluctuations in global demand.- Regulatory changes impacting production and export.- Influence of technological advancements in polyurethane applications.- Global economic conditions affecting trade activities.
