Based on the data, beef meat production in Saudi Arabia has experienced fluctuations over the past decade. In 2023, production stood at 44.82 thousand metric tons. Significant volatility occurred between 2013 and 2014, with a steep decline followed by gradual recovery and stabilization. The past two years demonstrated modest growth with a year-on-year increase of 1.09% in 2022 and 1.06% in 2023. The recent five-year compound annual growth rate (CAGR) is 1.31%, indicating consistent, albeit slow, improvement.
Future trends to watch for include:
- Continued steady growth as projected in the forecast, with the CAGR over the next five years estimated at 0.84%.
- Potential external factors such as changes in consumer demand, import-export regulations, and climate conditions which may influence production levels.
