The import of fresh or chilled mushrooms to Saudi Arabia has shown a consistent upward trend. In 2023, the value stood at 10.0 million USD. For the years 2024 to 2028, the forecasted values are 10.396, 10.724, 11.045, 11.359, and 11.668 million USD respectively. This denotes a continuous growth pattern, with a year-on-year variation of approximately 3% between 2024 and 2025, 3% from 2025 to 2026, 3% from 2026 to 2027, and around 3% from 2027 to 2028. The compounded annual growth rate (CAGR) over the last five years is estimated at 3%.
Future trends to watch for include:
- Potential impacts of changing dietary preferences and healthier food trends on mushroom consumption.
- Government policies on import regulations and tariffs affecting trade forecasts.
- Advancements in supply chain and refrigeration technology improving the quality and shelf-life of imported mushrooms.
- Economic factors such as currency exchange rates and inflation impacting price levels and import volumes.