The import of sugars and sugar confectionery to Saudi Arabia exhibited fluctuating trends over the past decade. After reaching a peak of 1.047 billion USD in 2013, the value saw significant variations, declining overall until 2018. Subsequently, the import value experienced mild recovery phases interspersed with minor declines, standing at 0.91458 billion USD in 2023. Year-on-year percentage variations indicate instability, with notable dips and rises such as +24.82% in 2016 and -15.54% in 2020. The Compound Annual Growth Rate (CAGR) over the last five years averaged at 2.89%.
Looking forward, the forecasted import values suggest a gradual rise, projecting to 0.98865 billion USD by 2028. The next five years predict an average annual growth rate of 1.23%, indicating steady but modest growth. Key trends to watch include potential influences of global sugar prices, regional production capacity, and consumption patterns driven by changing dietary preferences in Saudi Arabia.