The import value of plastic containers, bobbins, and packages to Saudi Arabia has shown substantial fluctuations between 2013 and 2023. In 2023, the imports reached 298.88 million USD, marking a year-on-year variation of 2.84%, with the last five years' CAGR at 2.94%. The import volume has gradually increased from 238.74 million USD in 2013, despite periods of decline in 2016 and 2020. Post-2020, the import value rebounded strongly, with notable growth in 2021 and moderate increases thereafter.
Future trends to watch for:
- The five-year forecast (2024-2028) suggests a consistent upward trajectory, with the estimated 2028 values projecting a 2.11% CAGR and an overall growth rate of 11.01% from 2023.
- Factors influencing these trends could include economic conditions, demand for plastic products, policy changes, and advancements in packaging technologies.
