Analyzing the forecasted data for the export of Ethylene from Saudi Arabia, we observe a consistent decline in the volume from 2024 to 2028. In 2023, the export volume stood at 159.51 Million Kilograms. The year-on-year percentage decreases are as follows:
- 2024: -5.63%
- 2025: -5.93%
- 2026: -6.19%
- 2027: -6.46%
- 2028: -6.76%
These figures indicate a compounded annual growth rate (CAGR) of -6.19% over the forecast period from 2024 to 2028.
Future trends to watch for include potential shifts in global demand for ethylene due to changes in industrial applications, advancements in alternative materials, and emerging markets. Additionally, environmental regulations and innovations in ethylene production technology could significantly impact future export volumes.
