The Saudi Arabian tomato market has shown fluctuations over the past decade, with a noted volume of 516 thousand metric tons in 2023. The year-on-year growth for 2023 was 0.39%, while the Compound Annual Growth Rate (CAGR) over the last five years stood at 0.43%. Historical variations have included significant shifts, such as a 6.03% rise in 2015 and a notable decline of 4.72% in 2017. The period from 2019 to 2023 has seen more stable growth, averaging 0.43% annually despite occasional downturns such as a 4.63% drop in 2020. Looking ahead, the forecasted CAGR for the next five years is a modest 0.25%, reflecting a continued trend towards incremental growth with a projected increase of 1.27% by 2028.
Future trends to watch for include:
- Potential impacts of climate change on tomato yield and quality.
- Advancements in agricultural technology and their adoption rates among local farmers.
- Government policies and initiatives aimed at boosting agricultural production.
- Changes in consumer preferences and their influence on domestic demand.
