The import of domestic electric coffee or tea makers to Saudi Arabia exhibited fluctuating figures from 2013 to 2023. From 2013’s volume of 1.5292 million kg, there was a tremendous year-on-year increase of 98.72% in 2014. The subsequent years showed a mix of ups and downs with notable increases in 2017 and 2021. In 2023, the imports stood at 3.5011 million kg, marking a modest year-on-year growth of 3.49%. The average annual growth (CAGR) over the past five years (2019-2023) was 3.62%.
Forecasted data from 2024 to 2028 projects a steady increase, culminating in 4.118 million kg by 2028, with an average growth rate of 2.55% annually.
Future trends to watch for:
- Potential for import growth due to rising consumer demand for convenient home appliances.
- Market dynamics influenced by changing consumer preferences and economic factors.
- Technological advancements in electric coffee or tea makers could spur future imports.