The import of ethylene-vinyl acetate copolymers to Saudi Arabia showed significant growth from 2013 to 2015, followed by a fluctuating period between 2016 and 2023. As of 2023, the imports stood at 49.468 million USD. The year-on-year variations reveal a mixed trend with periodic declines; for example, there was a decrease of 7.29% in 2016, a drop of 10.89% in 2018, and another drop of 14.49% in 2020. The last two years, however, recorded an upward movement: 8.15% in 2022 and 2.62% in 2023. The CAGR for the last two years was 4.15% while the last five-year average presents a moderate growth of 1.98% annually.
Looking ahead, the forecast until 2028 indicates a steady rise, with imports expected to increase at a 5-year CAGR of 1.98%, resulting in a 10.32% growth over the period. Future trends to watch for include market demand fluctuations, potential trade policy changes, and technological advancements that could influence production costs and import requirements.
