Forecast: Import of Lead-Acid Electric Accumulators (Vehicle) to Saudi Arabia

The forecast for the import of lead-acid electric accumulators (vehicle) to Saudi Arabia shows a consistent upward trend from 2024 to 2028, indicating steady growth in demand. The value in 2024 is forecasted at 104.08 million kilograms and is expected to rise annually, reaching 117.67 million kilograms by 2028. Based on the actual data from previous years, the increase from 2023 to 2024 represents a significant step in expansion.

The year-on-year variations are as follows:

- 2024 vs 2023: Steady increase.

- 2025 vs 2024: 3.35%

- 2026 vs 2025: 3.19%

- 2027 vs 2026: 3.03%

- 2028 vs 2027: 2.89%

The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is a modest and stable 3.11% per year, indicating a healthy market outlook.

Future trends to watch for:

- Technological advancements in electric vehicle batteries, which could impact demand for traditional lead-acid accumulators.

- Economic factors and regulatory changes in Saudi Arabia that may influence the automotive industry and related imports.