Based on the forecasted data for the import of glass fibres and glass wool to Saudi Arabia from 2024 to 2028, there is a steady declining trend. The value will decrease from 106.04 million USD in 2024 to 94.354 million USD by 2028. Compared to 2023, where the import value stood at 109 million USD, this shows a decrease. The year-on-year variations are approximately -2.85% from 2024 to 2025, -2.95% from 2025 to 2026, -2.90% from 2026 to 2027, and -2.91% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over this forecast period indicates an average annual decrease of around -2.89%.
Future trends to watch for include fluctuations in global glass fibre and glass wool prices, potential changes in Saudi Arabia’s domestic manufacturing capacities, and shifts in industrial demand driven by construction and manufacturing sectors. Additionally, potential trade policies or tariff changes could further influence import values.
