From 2013 to 2023, the year-on-year import volume of microwave ovens into Saudi Arabia exhibited fluctuating trends. Initial years saw a mixture of increases and declines, notably with a sharp drop in 2016, followed by minor variations. By 2023, the import volume stood at 5.6829 million kilograms.
The past two years, from 2022 to 2023, showed modest growth with year-on-year variations of 1.1% and 1.06% respectively. Over the last five years, the compound annual growth rate (CAGR) stabilized at 1.59%.
Future trends to watch for include an estimated forecast 5-year CAGR of 0.84% from 2024 to 2028, translating to an overall growth rate of 4.29%. This indicates a steady but mild increase in imports, suggesting a stable yet conservative market demand.
