Forecast: Poultry Meat Demand in Saudi Arabia

The poultry meat demand in Saudi Arabia stood at 1.19 million metric tons in 2023, reflecting a 0.5% decrease year-on-year. Historically, the demand has shown volatility with significant fluctuations: a 9.94% increase in 2015, followed by a 5.32% rise in 2016, and a sharp decline of 12.94% in 2017. From 2018 onwards, the trend remained negative or slightly positive, with a notable reduction of 17.48% in 2020 during the pandemic. Despite a recovery in 2021 with a 19.88% increase, the demand decreased again from 2022 onwards. The Compound Annual Growth Rate (CAGR) over the last five years was marginal at 0.15%.

Looking ahead, the forecasted data from 2024 to 2028 suggests a slight decline with a forecasted 5-year CAGR of -0.42% and an overall growth rate dropping by 2.09%. Future trends to watch for include consumer shifts toward alternative protein sources, the impact of economic policy changes, and potential supply chain disruptions.