Forecast: Import of Sugar Confectionery to Saudi Arabia
Variations:
- Year-on-Year (last two years): 4.25% in 2022, 4% in 2023
- CAGR (last five years): 2.87%
The import of sugar confectionery to Saudi Arabia exhibited significant fluctuations over the past decade, with notable increases in certain years such as 2018 (33.09%) and substantial decreases like in 2020 (-12.97%). The overall trend points to a steady rise with a 5-year CAGR of 2.87%, forecasting a 15.22% growth by 2028. Key trends to watch for include changing consumer preferences, potential import policies, and the impact of local manufacturing on import volumes.
