In 2023, the import of polymers of propylene and olefins to Saudi Arabia stood at 5 million kilograms. The forecasted data for 2024 shows a slight decrease to 4.8766 million kilograms, followed by further declines in subsequent years: 4.6683 million kilograms in 2025, 4.4641 million kilograms in 2026, 4.2641 million kilograms in 2027, and 4.068 million kilograms in 2028.
Year-on-year variations indicate a gradual annual decrease in import volume:
- 2024: -2.47%
- 2025: -4.28%
- 2026: -4.38%
- 2027: -4.48%
- 2028: -4.60%
Over the last two years and projecting forward, the imports have been consistently declining. The compound annual growth rate (CAGR) over the five-year forecast period (2024-2028) suggests an average annual decline rate of approximately -4.04%.
Future trends to watch for include potential shifts in global polymer production, changes in domestic production capacity within Saudi Arabia, and evolving demand patterns driven by advancements in polymer application technologies. Monitoring these trends will be crucial for understanding and anticipating future import requirements.
