In 2023, the actual import value of copper tubes and pipes to Saudi Arabia stood at 77.9 million USD. The forecasted values from 2024 to 2028 show a consistent decline in imports, with figures dropping from 74.667 million USD in 2024 to 62.442 million USD in 2028. This represents a year-on-year percentage decrease of approximately 4.2% from 2024 to 2025, 4.3% from 2025 to 2026, 4.4% from 2026 to 2027, and 4.5% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over this five-year period is approximately -4.3%.
Future trends to watch for include technological advancements in the manufacturing of copper alternatives, potential geopolitical factors affecting trade policies, and the impact of sustainability and recycling initiatives which could further reduce dependency on imported raw materials.
