The historical data for Saudi Arabia's grape export volume shows a significant decline from 13.0 thousand metric tons in 2014 to 5.0 thousand metric tons in 2023, resulting in a CAGR of -6.51% over this period. The last two years saw no change in volume, maintaining at 5.0 thousand metric tons in both 2022 and 2023. Year-on-year growth rates indicate several sharp declines, particularly in 2015 (-30.77%) and 2016 (-22.22%), with more gradual decreases in subsequent years.
Forecasted data from 2024-2028 predict a continued decrease, reaching 2.7 thousand metric tons by 2028, reflecting a future 5-year CAGR of -9.2% and a forecasted 5-year growth rate of -38.28%. This suggests an ongoing downward trend in grape exports from Saudi Arabia.
Future trends to watch for include potential shifts in global demand, changes in local production capacity, export policies, and climate impacts affecting grape cultivation and quality. Monitoring these factors could provide insights into stabilizing or reversing the declining export volumes.
