The domestic food consumption of olive oil in Saudi Arabia stood at 40.0 thousand metric tons in 2023. The forecast data for 2024 to 2028 indicates a steady increase, with values rising from 42.0 thousand metric tons in 2024 to 47.0 thousand metric tons in 2028. This reflects a year-on-year growth rate of approximately 4.8% from 2023 to 2024, 4.8% from 2024 to 2025, 2.3% from 2025 to 2026, 2.2% from 2026 to 2027, and 2.2% from 2027 to 2028. The compound annual growth rate (CAGR) for the five-year period from 2023 to 2028 is about 3.3%.
Future trends to watch for include evolving consumer preferences towards healthier food options, increased awareness of the nutritional benefits of olive oil, and potential expansions in the domestic production capabilities. Geopolitical factors and global oil prices may also influence consumption patterns.
