Based on forecasted data, the wheat export volume in Saudi Arabia is expected to decline from 171.4 thousand metric tons in 2024 to 157.2 thousand metric tons in 2028. This represents a consistent downward trend over the forecasted period.
Year-on-year percentage variations are as follows:
- 2025: -2.16%
- 2026: -2.08%
- 2027: -2.13%
- 2028: -2.18%
The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 stands at approximately -2.14%, indicating a steady average annual decrease in wheat export volumes.
Future trends to watch for include potential policy changes in Saudi Arabia's agricultural sector, global wheat market fluctuations, and shifts in international trade relations which could further impact wheat export volumes. Additionally, technological advancements in agriculture and climate change effects may play significant roles in future trends.
