The import value of machines for public works and building in Saudi Arabia exhibited significant volatility between 2013 and 2023, with a peak in 2014 at $84.186 million and a sharp decline in 2016 to $21.745 million. Forecasted data from 2023 onwards suggest a steady decline in imports, with a 5-year CAGR of -1.25%, leading to a value of $29.381 million by 2028.
- 2022: Year-on-year variation: -1.44%, 5-year CAGR: 8.15%
- 2023: Year-on-year variation: -1.43%, 5-year CAGR: -3.3%
- 2028: Forecast 5-year CAGR: -1.25%, Forecast 5-year Growth Rate: -6.09%
Future Trends to Watch: Given the steady decline in imports, future trends could be influenced by factors such as domestic production capacity enhancement, changes in infrastructure-related policies, or economic diversification efforts in Saudi Arabia's Vision 2030 plan.
