The olive oil demand in Saudi Arabia has shown several fluctuations over the past decade, standing at 24 thousand metric tons in 2023. Key changes include a significant drop in 2020 and a strong recovery in 2021 with a 25.72% increase. Over the last two years, demand has remained stable with no year-on-year variation. The compound annual growth rate (CAGR) over the last five years was 0.85%. Moving forward, forecasted data indicate a moderate upward trend with a 0.38% CAGR projected over the next five years.

Future trends to watch for:

Potential growth in health-conscious consumer behaviors driving demand
Impact of new trade policies and economic conditions on import levels
Technological advancements in agriculture affecting olive oil production quality and costs