Analysis of the export data for acrylic polymers from Saudi Arabia shows varying trends over the past decade. From a modest 2.701 million kilograms in 2013, exports surged significantly to 47.568 million kilograms by 2023, with significant fluctuations observed during this period. Notable growth occurred in 2014 and 2015, followed by a period of stabilization and some decline around 2016. Post-2017, the trend indicates a general improvement with minor dips. In particular, from 2020 to 2023, the exports saw a consistent increase, showing strength in the sector.
Year-on-year variations from the last two years reveal a steady rise, with a 27.01% increase in 2021, 5.03% in 2022, and 4.7% in 2023. The Compound Annual Growth Rate (CAGR) over the previous five years (up to 2023) stands at 5.06%, indicating sustained growth in this sector.
Looking ahead, forecast data starting from 2024 suggests a continued upward trajectory, with growth steadily increasing each year. By 2028, exports are expected to reach 58.714 million kilograms, reflecting a forecasted five-year CAGR of 3.3% and an overall growth rate of 17.64% over this period.
Future trends to watch for include potential impacts of global market conditions, technological advancements in production, and policy changes both domestically and internationally that could affect trade dynamics. Monitoring these elements could provide insights into future fluctuations and opportunities within the export of acrylic polymers from Saudi Arabia.
