The import of plastics and articles thereof to Saudi Arabia stood at 3.4701 Billion US Dollars in 2023. Over the past two years, the year-on-year variation has been 7.39% in 2022 and 1.94% in 2023. The five-year CAGR calculated for the period leading up to 2023 is 2.22%, suggesting a steady though modest growth during this period. Forecast data from 2024 to 2028 indicates a continued upward trend with the CAGR for this period projected at 1.51%, and an overall growth rate of 7.79% by 2028.
Future trends to watch for include potential shifts in trade policies, advancements in plastic recycling technologies, environmental regulations, and economic developments in the global market. Monitoring these factors will be crucial in assessing their impact on the import dynamics of plastics and articles thereof to Saudi Arabia.
