The import of moulds for glass to Saudi Arabia in 2023 was 1.8 million US Dollars. The forecasted values from 2024 to 2028 show a steady decline from 1.7179 million US Dollars in 2024 to 1.557 million US Dollars in 2028. The year-on-year variation percentages indicate a decreasing trend, with minor fluctuations across the forecast period.
Key trends from the data:
• From 2024 to 2025: -2.4%
• From 2025 to 2026: -2.4%
• From 2026 to 2027: -2.4%
• From 2027 to 2028: -2.4%
• The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 shows an average annual decline of 2.4%.
Future trends to watch for:
Factors that may influence the trend include advancements in local production capabilities, regulatory changes, and shifts in demand for glass products. Monitoring these elements can offer insights into potential reversals or accelerations in this downward trend.
