The gold export from Saudi Arabia saw a notable increase from $692.91 million in 2023. The forecasted data for 2024 indicates an export value of $692.91 million, expected to rise gradually to $779.46 million by 2028. This progression reflects a steady year-on-year increment, signifying a positive trend in the sector. The annual growth rates for the forecasted years are approximately:
• 2024 to 2025: 3.2%
• 2025 to 2026: 3.1%
• 2026 to 2027: 2.9%
• 2027 to 2028: 2.8%
Over the last two years (2023 to 2025), the average growth in gold exports is around 3.15%. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is approximately 2.75%, illustrating a consistent upward trajectory.
Looking ahead, the gold export market in Saudi Arabia is likely to be influenced by several key factors, including global gold prices, mining production capacities, and geopolitical stability. Additionally, trends in sustainable and ethical mining practices, technological advancements, and international trade agreements will play pivotal roles in shaping future performance.