The import volume of air or gas compressors, hoods to Saudi Arabia stood at 14.849 million kilograms in 2023. Over the past decade, there has been a notable decline from 27.515 million kilograms in 2013, indicating a long-term downward trend. From 2021 to 2023, the year-on-year variation was -0.66% and -0.65%, respectively. The average annual growth rate (CAGR) for the last five years up to 2023 was 1.8%, showing a slight recovery. However, the forecasted CAGR for the next five years up to 2028 is -0.55%, with an overall expected decrease of -2.71%.
Future trends to watch for include advancements in technology leading to more efficient and smaller compressors, potentially decreasing import volumes. Also, shifts in local manufacturing capabilities and changes in industrial demand within Saudi Arabia will significantly influence import trends.
