The demand for sugar cane in Saudi Arabia has generally shown an increasing trend from 2014 to 2023. Starting at 12.0 thousand metric tons in 2014, demand fluctuated slightly before reaching 16.0 thousand metric tons in 2023, with a Compound Annual Growth Rate (CAGR) of 1.3% over the last five years. Notable variations include a decline in 2015 by 8.33%, followed by significant growth in 2017 by 16.67% and in 2022 by 6.67%. The past two years showed stability with a 0% increase year-on-year.
Forecasts from 2024 to 2028 indicate continued growth, albeit at a moderate average annual rate of 1.27%, leading to an expected demand of 17.36 thousand metric tons by 2028, representing an overall growth of 6.5% over five years.
Future trends to watch for include potential shifts in domestic agricultural policies, changes in consumer preferences towards sugar alternatives, and global sugar market fluctuations, which could impact Saudi Arabia's sugar cane demand trajectory.
