As of the end of 2023, the value of changes in inventories in Saudi Arabia was known and served as a baseline for the following forecasted values from 2024 to 2028. The forecasts show a consistent increase year-on-year, with the values in Billion US Dollars steadily rising from 19.987 in 2024 to 21.155 in 2028.
The year-on-year percentage variations over the last two years demonstrate an increasing trend. From 2024 to 2025, there is a rise of approximately 1.48%. The subsequent year, from 2025 to 2026, sees a further increase of around 1.45%. From 2026 to 2027, the trend continues with an increase of approximately 1.42%, and from 2027 to 2028, the rise is roughly 1.37%. The Compound Annual Growth Rate (CAGR) over this five-year period indicates an average annual increase of approximately 1.43%.
Looking ahead, several future trends are crucial to monitor. These include potential shifts in global oil prices, Saudi Arabia's ongoing economic diversification efforts under Vision 2030, and changes in domestic and global demand for goods. Additionally, technological advancements and changes in inventory management practices could also influence future inventory value trends.
