Forecast: Coffee Import Volume in Saudi Arabia

Based on the data provided, the forecasted coffee import volume in Saudi Arabia will experience a steady increase from 98.2 thousand metric tons in 2024 to 106.4 thousand metric tons in 2028. The year-on-year growth suggests a consistent rise in imports:

• 2024: 98.2
• 2025: 100.3, a 2.1% increase from 2024
• 2026: 102.4, a 2.1% increase from 2025
• 2027: 104.4, a 2.0% increase from 2026
• 2028: 106.4, a 1.9% increase from 2027

The Compound Annual Growth Rate (CAGR) over the forecasted period (2024-2028) is approximately 2.0%. For context, in 2023 the actual coffee import volume stood at 96 thousand metric tons, putting the initial growth to 2024 at approximately 2.3%.

Future trends to watch for include fluctuations in global coffee production impacting prices and imports, changing consumer preferences towards specialty coffee, and potential government policies affecting import tariffs and trade regulations. Additionally, Saudi Arabia's growing population and expanding coffee culture could further drive import volumes in the coming years.