The oilseeds processing industry in Saudi Arabia has seen a notable decline from 2014, which had a volume of 781.0 thousand metric tons, to 2023, standing at 595.0 thousand metric tons. Between 2014 and 2023, the sector experienced occasional fluctuations, such as a significant drop in 2018 by -14.7%. More recently, the industry showed a smaller yet consistent annual decline, with a year-on-year decrease of -1.82% in 2023. Over the last five years, the compound annual growth rate (CAGR) was -0.85%.

Looking forward, the forecast suggests a continuing downward trend, with the volume expected to decrease to 537.0 thousand metric tons by 2028. A projected annual decline of -1.63% represents a cumulative reduction of approximately -7.89% over the next five years.

Future trends to watch for include:

Potential policy changes in agriculture and commerce that may affect oilseeds processing.
Advancements in technology that could improve processing efficiency.
Global supply chain disruptions and their impact on oilseeds imports/exports.
Climate change effects on oilseeds production and availability.