In 2023, Saudi Arabia imported milled rice valued at 1.2424 billion US Dollars. The forecast for 2024 indicates an import value of 1.2552 billion US Dollars, which represents a year-on-year increase of approximately 1.03%. Similarly, the forecasts for subsequent years show incremental growths of 1.07% for 2025, 1.03% for 2026, 0.99% for 2027, and 0.96% for 2028.
The compound annual growth rate (CAGR) over the 5-year period from 2024 to 2028 is estimated to be around 1.02%, reflecting a steady albeit modest increase in the import of milled rice to Saudi Arabia.
Future trends to watch for include potential impacts of domestic agricultural policies aimed at increasing local rice production, global market dynamics such as supply chain disruptions, and consumer preferences shifting towards alternative grains. Additionally, economic factors including currency fluctuations and international trade relations could also influence the import rates in upcoming years.