Based on the forecasted data for millet demand in Saudi Arabia, the demand is projected to decrease gradually from 16.67 thousand metric tons in 2024 to 15.76 thousand metric tons in 2028. In 2023, the actual millet demand stood at 16.90 thousand metric tons. The year-on-year variation indicates a slowly declining trend. Over the past two years, the millet demand reduced by approximately 1.4% annually, while the average annual variation over the last five years (CAGR) is projected at about -1.2%.
Future trends to watch for include:
- Potential shifts in consumer preferences towards alternative grains or substitutes that could further affect millet demand.
- Changes in agricultural policies or international trade agreements impacting millet supply and prices.
- Market trends influenced by dietary habits or health trends that may either support or depress millet consumption.
