Forecast: Export of Beverages, Spirits and Vinegar from Saudi Arabia

The forecasted data for the export of beverages, spirits, and vinegar from Saudi Arabia shows a consistent decline from 2024 to 2028. Starting from $130.26 million in 2024, there is a gradual decrease to $122.08 million by 2028. This trend indicates a year-on-year negative growth, reflecting a contraction in this sector’s export value. Specifically, the data reveals a decremental pattern, with yearly reductions ranging around -1.6% to -1.7%, suggesting a slight but continuous downturn in export values over the forecast period.

Looking ahead, several factors could influence future trends in the export of beverages, spirits, and vinegar from Saudi Arabia. Shifts in global trade policies, changes in consumer preferences towards non-alcoholic beverages, and advancements in domestic production capabilities could potentially reverse or further accentuate the observed declining trend. Additionally, Saudi Arabia’s Vision 2030 and its implications for diversifying the economy may also play a crucial role in shaping the future trajectory of exports in this sector.