The import of coffee to Saudi Arabia in 2023 stood at 249 million USD. Forecasts predict a consistent increase from 255.84 million USD in 2024 to 283.13 million USD by 2028. The year-on-year growth rate is expected to be approximately 2.8% in 2024, 2.8% in 2025, 2.6% in 2026, 2.5% in 2027, and 2.4% in 2028. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is calculated to be around 2.6%.
Future trends to watch for include:
- The impact of global coffee supply chain disruptions on Saudi import costs.
- Increasing consumer demand for premium and specialty coffee products.
- The potential influence of any economic policies impacting import tariffs and regulations.
- The role of technological advancements in enhancing coffee quality and export logistics.