Based on the provided data, the forecasted olive oil market size volume per capita in Saudi Arabia remains stable between 2024 and 2026 at 0.64 kilograms per capita, slightly decreasing to 0.63 kilograms per capita in 2027 and 2028. The volume per capita in 2023 was at 0.65 kilograms, indicating a marginal year-on-year decline of approximately 1.5% from 2023 to 2024. No notable increase or decrease is observed between 2024 and 2026. However, a minor decrease of around 1.56% occurs between 2026 and 2027, with the volume stabilizing at 0.63 kilograms per capita through 2028. The compound annual growth rate (CAGR) over the forecasted period (2024-2028) is approximately -0.31% per year.
Future trends to watch for include potential shifts in consumer preferences towards healthier diets, which may influence olive oil consumption. Additionally, international trade policies and economic conditions could impact pricing and availability, thus affecting per capita consumption. Monitoring these factors will be crucial for projecting more accurate future trends.
