The import of iron or steel tableware and kitchenware to Saudi Arabia has shown a general upward trend from 2013 to 2028, with a few fluctuations. Notably, there was a significant drop in 2020, followed by a strong recovery in 2021. The year-on-year variation has fluctuated, peaking at 24.83% in 2021 before stabilizing around 3-4% in the subsequent years. The Compound Annual Growth Rate (CAGR) reflects a deceleration, from highs in earlier years to a forecasted 5-year CAGR of 2.39% by 2028, indicating a slowing but consistent growth.
Looking ahead, it’s important to monitor factors such as global steel prices, domestic demand within Saudi Arabia, and import regulations, as these could significantly influence future import trends. Additionally, the push towards sustainability and the potential for increased local production may impact imports.