Key Market Indicators
Saudi Arabia is expected to consume 3.5 million metric tons of wheat by 2026, up from 3.4 million metric tons in 2021. The country has seen an average annual growth rate of 0.4% since 2017. In 2021, Saudi Arabia ranked 28th in wheat consumption, with Yemen (3.4 million metric tons) coming ahead of it. India, the United States, and Pakistan ranked second, third and fourth, respectively. Meanwhile, Saudi Arabia's wheat production is set to decline from 364,740 metric tons in 2021 to 29,610 metric tons by 2026, representing a 37.5% year-on-year CAGR. Since 1966, the country's supply of wheat has decreased by 10% annually. Switzerland (364,740 metric tons) ranked ahead of Saudi Arabia in 2021, while India, Russia, and the United States claimed second, third, and fourth places, respectively.
