The import of nonwoven textiles (except felt) to Saudi Arabia in 2023 stood at $124 million. The forecasted values demonstrate a consistent upward trend from 2024 to 2028, with imports rising from $126.31 million in 2024 to $137.72 million in 2028. This indicates a steady growth rate. Year-on-year variations from 2024 onwards exhibit an average increase of approximately 2-2.5% annually. The Compound Annual Growth Rate (CAGR) over the five-year period (2024-2028) is around 2.5%.
Future trends to watch:
- Impact of economic diversification and industrial growth in Saudi Arabia stimulating demand for nonwoven textiles.
- Introduction of new technological advancements in nonwoven textiles that could alter import volumes.
- Possible trade policy changes impacting the importation process and cost structures.
- Shifts in global supply chains and their influence on import dynamics.