The import of Precious Metal Colloids, Compounds, and Amalgams to Saudi Arabia has seen significant fluctuations over the years. Starting at 30.629 million dollars in 2013, the value dropped considerably by 2017 to 1.9803 million dollars, followed by a recovery in 2018 to 7.9857 million dollars. The variable trend continued, reaching 5.896 million dollars in 2023. Year-on-year variation highlighted marked declines, especially between 2013 and 2015, with a notable bounce in 2018. However, the last two years before 2024 showed minor declines, indicating a more stabilized trend.
The compounded annual growth rate (CAGR) data underscores the volatility, peaking with negative performances in the mid-2010s and reflecting a moderate decline leading up to 2023. Future forecasts suggest a continuous slight downward trend, with a projected CAGR of -1.67% from 2024 to 2028, foreseeing a decline over time.
Future trends to watch for include:
- Stability in market imports as the values show decreasing volatility.
- Potential impacts of global economic shifts or local economic policies on imports.
- Technological advancements in local production that may reduce dependency on imports.
- Changes in global trade agreements or regional economic alliances that could influence trade dynamics.