The import of plastics waste or scrap to Saudi Arabia is expected to exhibit a moderate upward trend from 2024 to 2028. The value is forecasted to grow steadily from 10.677 million USD in 2024 to 11.306 million USD by 2028. This steady increase translates into an annual growth rate (CAGR) of approximately 1.44% over the five-year period. Notably, the import value has grown each year, suggesting a stable rise in demand or usage of imported plastic waste and scrap.
Future trends to watch for include potential changes in international policies regarding plastic waste trade, advancements in recycling technologies, and Saudi Arabia's domestic recycling infrastructure development. Monitoring these factors will be crucial to understanding and anticipating shifts in import volumes and values.
Year-on-year variations:
- 2024 vs. 2023: An increase of 1.61%.
- 2025 vs. 2024: An increase of 1.52%.
- 2026 vs. 2025: An increase of 1.47%.
- 2027 vs. 2026: An increase of 1.42%.
- 2028 vs. 2027: An increase of 1.37%.