Key Market Indicators
Consumption of edible oils in Saudi Arabia is predicted to reach around 691 thousand metric tons by 2026. This is an increase of 0.2% compared to 2021, when edible oils demand hit 683 thousand metric tons. Since 2017, Saudi demand has grown by 0.1% year-on-year. In 2021, the country ranked 24th in terms of edible oils consumption, while Algeria overtook at 683 thousand metric tons. China, the United States, and Brazil took up the top three spots in the ranking. Production of edible oils in Saudi Arabia is expected to reach 115.74 thousand metric tons by 2026, representing a decrease of 1.3% compared to 2021, when output of edible oils was at 125 thousand metric tons. Since 2017, Saudi production of the commodity has decreased by 0.3% year-on-year. In 2021, the country ranked 73rd in terms of edible oils production, while Senegal overtook with 125 thousand metric tons. China, Malaysia, and the United States occupied the top three spots in the ranking.
Saudi Arabia Edible Oil Market Data and Forecasts
How much will Saudi Arabia Edible Oil Market grow to 2026?
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