In 2023, Saudi Arabia's exports of glass fibres, glass wool, and articles thereof stood at 58.976 million kilograms. The forecast from 2024 to 2028 shows a steady year-on-year growth in exports. Specifically, the exports are expected to reach 61.079 million kilograms in 2024, 63.283 million kilograms in 2025, 65.443 million kilograms in 2026, 67.560 million kilograms in 2027, and 69.635 million kilograms in 2028.
Year-on-year variation:
- Between 2024 and 2025, an increase of approximately 3.6%
- Between 2025 and 2026, an increase of approximately 3.4%
- Between 2026 and 2027, an increase of approximately 3.2%
- Between 2027 and 2028, an increase of approximately 3.1%
The Compound Annual Growth Rate (CAGR) over the five-year period from 2023 to 2028 is approximately 3.4%. This indicates a consistent and healthy upward trend in the export volume of these products.
Future trends to watch for:
- Potential technological advancements in manufacturing processes, which may enhance production efficiency and product quality.
- Fluctuations in global demand for glass fibres and glass wool, driven by sectors such as construction, automotive, and renewable energy.
- Shifts in trade policies and international relations, affecting the competitiveness of Saudi exports in global markets.
- Environmental regulations and sustainability trends influencing production practices and consumer preferences.
