Based on the provided data, the forecast for palm oil supply in Saudi Arabia shows a consistent yearly increase. From 2023 to 2024, the supply stood at 612.5 thousand metric tons and is projected to grow steadily from 621.0 in 2024 to 657.0 thousand metric tons in 2028.
Year-on-year percentage variations indicate consistent growth:
- 2024 to 2025: 1.45%
- 2025 to 2026: 1.43%
- 2026 to 2027: 1.41%
- 2027 to 2028: 1.39%
The compound annual growth rate (CAGR) from 2023 to 2028 is approximately 1.41% per year, reinforcing the steady growth trend.
Future trends to watch:
- Global demand fluctuations based on nutritional and environmental concerns
- Impact of sustainable production practices and certification
- Changes in import regulations and trade policies in Saudi Arabia
