The import value of Polyacetals, Polyethers, Polycarbonates to Saudi Arabia has seen significant fluctuations from 2013 to 2023. Starting from a high of 389.9 million USD in 2013, it peaked at 446.55 million USD in 2014. However, there was a notable decline in subsequent years, hitting a low of 195.03 million USD in 2020. A recovery trend was observed from 2021 to 2022, only to see a slight contraction in 2023 to 230.88 million USD. Forecasted data from 2024 to 2028 indicates a steady but marginal decline, with an overall 5-year CAGR of -0.48%, reflecting a stagnation in the market.
Key Observations:
- Significant fluctuations occurred from 2013 to 2020 with periods of both sharp growth and decline.
- The highest point reached was in 2014, followed by a general downtrend till 2020.
- Moderate growth was recorded from 2021 to 2022, followed by a slight decrease in 2023.
- Future forecasts indicate a slight downtrend, reflecting a marginal negative CAGR over the next five years.
Future Trend to Watch For:
The market may be influenced by technological advancements in alternative materials and innovations in domestic production capabilities. Stay attentive to potential shifts in global trade policies and sustainability regulations, which could further impact import volumes and values.
