The Indonesian soy sauce export volumes to Saudi Arabia demonstrate fluctuating trends from 2013 to 2023, with significant variations year on year. In 2023, the export volume reached 1.66 thousand metric tons, marking a 4.53% increase over the previous year. Analyzing the past five years, the Compound Annual Growth Rate (CAGR) stands at 25.51%, showcasing gradual recovery from earlier declines. Projections from 2024 to 2028 suggest steady growth, with a forecasted CAGR of 1.69% and an overall growth rate of 8.72%, indicating a moderate but consistent increase in export volumes.
Future trends to watch for include potential changes in trade relations, shifts in consumer preferences in Saudi Arabia, and Indonesia's capacity to maintain high-quality production standards. Monitoring these variables will be crucial for anticipating market dynamics and making informed decisions.
