Over the years, there has been a notable decline in the import value of felt carpets and floor coverings to Saudi Arabia. Beginning with a value of $10.74 million in 2013, the import values fluctuated initially but have shown a clear downward trend from 2015 onwards. By 2023, the value stood at $5.0121 million, a substantial decrease from the earlier years. The year-on-year variation in 2022 was -4.6%, and in 2023 it was -4.73%. The CAGR over the last five years, ending in 2023, was -5.67%. Looking forward, the forecast indicates a continuing decline, with the import value expected to reach $3.7128 million by 2028, reflecting an anticipated 5-year CAGR of -4.76% and a forecast growth rate of -21.65%.

Future trends to watch for include:

Changes in domestic production capabilities and policies targeting local manufacturing.
Fluctuations in global felt carpet and floor covering prices.
Economic conditions in Saudi Arabia, which may influence purchasing power and demand.
Potential shifts in consumer preferences towards alternative flooring materials.