The import of molluscs to Saudi Arabia has shown significant fluctuations over the past decade. In 2013, the value stood at 2.4621 million USD, and by 2023, it had risen to 5.4543 million USD. This represents substantial growth despite intermittent declines, such as the notable dip in 2020.
Year-on-year variations highlight periods of both robust expansion and contraction. Specifically, from 2021 to 2023, the market saw a positive trend with growth rates of 19.28%, 9.43%, and 3.73%, respectively. Over the last five years, the compound annual growth rate (CAGR) was 4.58%.
Forecasts suggest continued growth in mollusc imports, with the value expected to reach 6.4646 million USD by 2028. The projected five-year CAGR is 2.72%, translating to a forecasted growth rate of 14.38% over this period.
Future trends to watch for include potential market stabilization, increased demand driven by dietary and culinary trends, and potential impacts of global economic cycles or trade policies affecting import volumes and values.
