Forecast: Import of Aluminium and Articles Thereof to Saudi Arabia

In 2023, the import of aluminium and articles thereof to Saudi Arabia was 1.29 billion USD. Based on the forecasted data for the subsequent years, we observe a downward trend. The import values are projected to decrease incrementally each year from 2024 through 2028. The year-on-year percentage variations from 2024 to 2028 show decreases of roughly 1.21%, 1.2%, 1.19%, and 1.19% respectively. The compound annual growth rate (CAGR) over this period indicates an average annual decrease of approximately -1.21%.

Future trends to watch for include:

  • Fluctuations in global aluminium prices and their impact on import costs.
  • Saudi Arabia's domestic production capabilities and investments in the aluminium sector.
  • Changes in trade policies and international relations affecting import tariffs and regulations.
  • Technological advancements and shifts in demand for aluminium and its articles in various industries.

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