Data: {"year": "2024", "value": "119.75"}, {"year": "2025", "value": "111.48"}, {"year": "2026", "value": "103.37"}, {"year": "2027", "value": "95.416"}, {"year": "2028", "value": "87.625"}, where value is expressed in Million US Dollars.
- 2025: -6.91%
- 2026: -7.27%
- 2027: -7.7%
- 2028: -8.17%
The CAGR over the last 5 years is projected to be -7.41%.
The consistent decrease in the import value of manmade staple fibres points to a trend of declining demand or improved domestic production in Saudi Arabia. Monitoring changes in local manufacturing capabilities, shifts in international trade policies, and technological advancements in fibre production will be critical in understanding the future trajectory of imports.
