Forecast: Import of Domestic Appliances Incorporating Electric Motor to Saudi Arabia

The value of domestic appliances incorporating electric motors imported into Saudi Arabia stood at 208.64 million USD in 2023. The forecasted data for 2024 indicates a value of 212.86 million USD, showing a year-on-year increase of 2.02%. For 2025, the forecasted value is 217.46 million USD, a 2.16% increase from 2024. The trend continues with 221.97 million USD in 2026 (2.07% increase), 226.39 million USD in 2027 (1.99% increase), and 230.72 million USD in 2028 (1.91% increase). The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 2.03%.

Future trends to watch for:

  • Rising demand for energy-efficient appliances driven by environmental regulations and consumer preferences.
  • Technological advancements leading to smarter, more connected domestic devices.
  • Economic factors such as currency fluctuations and trade policies impacting import costs.
  • Potential increase in local manufacturing capabilities reducing dependency on imports.

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