From 2013 to 2023, the import of textile floor coverings and carpets to Saudi Arabia showed significant fluctuations. The year-on-year variations indicate periods of both high growth and notable declines. In 2013, imports stood at 330.23 million USD, peaking at 490.62 million USD in 2015 before experiencing a decline in subsequent years. Despite a recovery in 2021 with a 23.76% increase, the market faced modest annual growth rates, reflected by the 3.57% CAGR from 2019 to 2023.
In 2023, the import value reached 443.2 million USD. Moving forward, the forecasted CAGR for the next five years to 2028 is projected at 1.87%, translating into a moderate growth rate of 9.71% over the period.
Future trends to watch for include shifts in global trade policies, advancements in textile technologies, and changes in domestic demand influenced by Saudi Arabia's Vision 2030 initiatives. Additionally, sustainability trends in textile production could impact import patterns.
