Based on the forecasted data, the export of soybean oil in Saudi Arabia is expected to increase steadily from 76.0 thousand metric tons in 2024 to 80.0 thousand metric tons in 2028. Comparing this data with the 2023 value, which stood at 75.0 thousand metric tons, the year-on-year growth rates for 2024 and 2025 are approximately 1.3%, followed by consistent 1.3% increases annually till 2028.
In terms of compound annual growth rate (CAGR), the average yearly increase over the five-year forecast period is estimated at 1.3%.
Future trends to watch for include potential impacts from global market fluctuations, changes in agricultural policies, advancements in soybean oil processing technologies, and shifts in regional trade agreements influencing export dynamics. Monitoring these factors can provide deeper insights into future export trends and potential market opportunities or risks.
