The sawnwood import volume to Saudi Arabia experienced fluctuating trends between 2013 and 2023, ranging from a high of 2.2611 million cubic meters in 2015 to a low of 1.3489 million cubic meters in 2021. The year 2023 marks a slightly positive growth, recording a 1.8174 million cubic meters with a year-on-year increase of 1.81%. The Compound Annual Growth Rate (CAGR) over the past five years (2018-2023) is 2.04%, indicating a modest but inconsistent growth rate.
The forecast for 2024 and beyond shows a gradual increase in sawnwood imports, reaching up to 1.9842 million cubic meters by 2028, with a forecasted 5-year CAGR of 1.39% and an overall growth rate of 7.17%. This suggests moderate but steady recovery and growth in the coming years.
Future trends to watch for include potential impacts of global supply chain disruptions, shifts in domestic construction demand, and regulatory changes affecting import tariffs or local production capacities. Close monitoring of these factors will be crucial for anticipating shifts in Saudi Arabia's sawnwood import dynamics.
