The import of marine outboard spark-ignition motors to Saudi Arabia in 2023 stood at 1.3713 million USD. Forecasted data indicates a declining trend over the next five years, with the value decreasing to 1.169 million USD by 2028. The year-on-year variation shows a -3.11% change in 2024, -3.11% in 2025, -3.15% in 2026, -3.18% in 2027, and -3.24% in 2028. The compounded annual growth rate (CAGR) over this period is -3.16%, reflecting a steady downward trend.
Future trends to watch for include:
• Changes in domestic marine traffic regulations and preferences.
• Advancements in marine motor technology, impacting import needs.
• Economic policies and trade agreements influencing import costs.
• Environmental concerns and the shift towards sustainable energy sources.
