Based on the data from 2013 to 2023, the export of Polyamides from Saudi Arabia displayed significant fluctuations. The exports peaked in 2016 but generally exhibited a downward trend after 2016. Between 2016 and 2023, there was a substantial decline, with the most significant decreases observed between 2017 and 2018 and from 2018 onwards. In 2023, the export volume stood at 142.42 thousand kilograms, representing a 15.32% year-on-year decline from 2022.
Looking at the last two years, exports decreased by 8.97% in 2022 and 15.32% in 2023. From a five-year perspective, the compound annual growth rate (CAGR) from 2019 to 2023 was -1.17%, indicating an overall decline in export volumes. The forecast from 2024 to 2028 suggests an even more accelerated reduction, with a five-year CAGR of -42.39% and an expected decrease of 93.65% by 2028.
Future trends to watch for include geopolitical factors affecting trade, potential shifts in global demand for polyamides, and strategic adjustments by Saudi Arabian exporters. Monitoring technological advancements and environmental regulations could also provide insight into market dynamics and potential recovery opportunities.
