The import of tufted carpets and floor coverings to Saudi Arabia has shown significant variability over the years. Between 2013 and 2015, there was notable growth, with the value peaking at USD 162.73 million in 2015, followed by a sharp decline in 2016. However, from 2017 onward, the imports started stabilizing and gradually increasing, with the value recorded at USD 148.58 million in 2023.
Key trends show:
- Over the last two years (2022-2023), there was a year-on-year increase of 3.46%, indicating moderate growth.
- The Compound Annual Growth Rate (CAGR) over the past five years has been 3.78%, reflecting a steady upward trend.
- Future projections suggest continued growth with a forecasted 5-year CAGR of 2.53% from 2024 to 2028, leading to a total growth rate of 13.32% by 2028.
Future trends to watch for include potential impacts of economic policies, shifts in consumer preferences towards sustainable and innovative flooring solutions, and fluctuations in global raw material prices that could affect import values.
