The import of adhesives based on rubber or plastic to Saudi Arabia is expected to increase steadily from 2024 to 2028. The forecasted data show a growth from 20.322 million kilograms in 2024 to 23.361 million kilograms in 2028. In 2023, the volume stood at 19.568 million kilograms. The year-on-year variation highlights an annual growth rate of 3.85% from 2024 to 2025, 3.64% from 2025 to 2026, 3.44% from 2026 to 2027, and 3.26% from 2027 to 2028.
To describe the longer-term trend, the Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is around 3.55%, indicating a stable and positive outlook for the imports of these adhesives.
Future trends to watch for:
- Technological advancements in adhesive formulations, potentially increasing demand.
- Rise in infrastructure projects across Saudi Arabia driving higher consumption.
- Sustainability concerns may influence a shift towards more eco-friendly adhesive options.
- Global supply chain fluctuations and economic conditions impacting import volumes.