The import of wadding of textile materials to Saudi Arabia fluctuated significantly between 2013 and 2023. Starting from a value of $9.1376 million in 2013, the value peaked in 2015 at $13.462 million before declining sharply in subsequent years. By 2023, it reached $9.9558 million, showing a slight increase of 0.26% from the previous year. The compound annual growth rate (CAGR) over the last five years was 1.95%, indicating a slight upward trend despite the volatility.
Future trends to watch for:
- Stabilization in import values around the $10 million mark, predicted from 2024 onwards.
- Incremental growth with a forecasted CAGR of 0.21% over the next five years, indicating a stable but slow recovery.
- Monitoring global supply chain factors and economic conditions that could affect import rates and prices.
