The import of Polymers of Ethylene to Saudi Arabia has shown significant fluctuations over the past decade. The value in 2023 stood at $125.35 million, reflecting a modest year-on-year increase of 3.07%, and an average CAGR of 5.5% over the last five years. The period from 2013 to 2023 witnessed significant volatility, with notable spikes in 2017 and 2018, and dips in 2015, 2016, and particularly in 2020.
Future trends to watch for include:
- Continued moderate growth with a forecasted CAGR of 2.29% over the next five years.
- Potential impact of global economic conditions and trade policies on import levels.
- Advances in domestic polymer production capabilities that may influence import needs.
