Forecast: Import of Metal Mountings, Fittings for Buildings to Saudi Arabia

From 2013 to 2023, Saudi Arabia's import of metal mountings and fittings for buildings has shown a varying trend with noticeable fluctuations. The value stood at 4.6653 million kilograms in 2023. The year-on-year variation in 2022 and 2023 were recorded at 3.07% and 2.92% respectively. The Compound Annual Growth Rate (CAGR) for the last five years is 4.23%, indicating a steady increase. Although there were downturns in certain years, like in 2018 and 2020, the overall growth trajectory remains positive.

Future trends to watch for:

  • The forecasted CAGR of 2.18% from 2024 to 2028 suggests a more moderate growth rate compared to the past five years.
  • Technological advancements in building materials and gross domestic product (GDP) growth in Saudi Arabia may strengthen confidence in both residential and commercial construction sectors.
  • Potential shifts in international trade policies could also impact import dynamics and overall market conditions.

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