The import of collages and similar decorative plaques to Saudi Arabia experienced significant fluctuations from 2013 to 2023. The volume decreased dramatically from 527.26 thousand kilograms in 2013 to 149.4 thousand kilograms in 2023, indicating a consistent downward trend with minor recoveries. Over the past two years, there was a decrease of 9.07% in 2022 and 9.77% in 2023. Analyzing the CAGR, the past five years averaged a negative variation per year of -10.68%, reflecting an overall downward trend. The forecast for 2024-2028 predicts a CAGR of -13.2%, projecting a further reduction to 64.86 thousand kilograms by 2028, marking a 50.73% decrease over this period.
Future trends to watch for include:
- Potential changes in consumer preferences and demand for decorative items.
- Government policies and economic factors affecting import regulations.
- Impact of digital alternatives and shifts towards minimalistic interior designs.
- Emerging markets and innovations within the decorative industry that may influence future imports.