From 2013 to 2023, the import of fresh berries to Saudi Arabia exhibited significant growth. Starting at $93.235 million in 2013, the value has steadily increased, reaching $239.1 million by 2023. Considering key year-on-year variations:
● 2013: -4.92%
● 2014: -2.52%
● 2015: +40.11%
● 2016: +5.45%
● 2017: -0.18%
● 2018: +50.86%
● 2019: -3.17%
● 2020: +0.41%
● 2021: +10.82%
● 2022: +4.91%
● 2023: +4.59%
The 5-year CAGR calculated for the period ending in 2023 is 3.41%. Looking ahead, forecasts indicate a continued upward trend in import values, projecting a value of $288.69 million by 2028. The forecasted 5-year CAGR is 2.98%, with an overall 5-year growth rate of 15.83%.
Future trends to watch for include potential market expansions, changes in consumer preferences towards fresh fruits, and the impact of trade policies or economic factors influencing import dynamics.
