In 2023, Saudi Arabia's import value of frozen vegetable mixtures stood at $7.063 million USD. The forecasts for the subsequent years indicate a steady growth trend. By 2024, the import value is expected to reach $7.106 million USD, rising slightly in 2025 to $7.1494 million USD. This upward trend continues each year, with values reaching $7.1919 million USD in 2026, $7.2336 million USD in 2027, and $7.2745 million USD by 2028.
Year-on-year variations showcase a consistent growth pattern:
- From 2023 to 2024: 0.61% increase
- From 2024 to 2025: 0.61% increase
- From 2025 to 2026: 0.60% increase
- From 2026 to 2027: 0.58% increase
- From 2027 to 2028: 0.56% increase
The five-year Compound Annual Growth Rate (CAGR) from 2023 to 2028 stands at approximately 0.6%, reflecting a stable yet slow growth trajectory.
Future trends to watch include potential fluctuations in global vegetable prices, changes in consumer preferences, and shifts in trade policies. Environmental factors affecting vegetable yields and innovations in frozen food technology may also impact future import volumes and values.