In 2023, the import of glass fibres, glass wool, and articles thereof to Saudi Arabia stood at a certain volume. The forecasted data indicates a gradual decline from 2024 to 2028. The import volume is expected to decrease from 11.296 million kilograms in 2024 to 9.2897 million kilograms by 2028. This represents a year-on-year reduction: approximately 4.6% from 2024 to 2025, 4.7% from 2025 to 2026, 4.8% from 2026 to 2027, and 5.0% from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year period suggests an average yearly decline of about 4.8%.
Future trends to watch for include potential changes in construction industry demand, advancements in alternatives to glass fibre and glass wool, and evolving trade policies that could affect import volumes. Additionally, shifts in global supply chains and local manufacturing capacity may also play a crucial role in shaping future import trends for these materials.
- Noticeable year-on-year decrease in import volumes
- Average annual decline (CAGR) of about 4.8% over five years
- Potential influence of construction industry and trade policies
