The wheat feed volume in Saudi Arabia has observed a steady decline over the years. In 2023, the value stood at 211 thousand metric tons, reflecting a year-on-year decrease of 1.86%. The past five years have seen a Compound Annual Growth Rate (CAGR) of -2.54%, indicative of a continued downward trend. Historically, the most significant drop occurred in 2015 with a year-on-year decline of 29.19%. Despite minor fluctuations over the years, the pattern is a consistent decrease, with forecasted data for 2028 predicting a 1.7% CAGR and a total decline of 8.21% over five years.
Future trends to watch for include:
- Impact of climate change on wheat production.
- Government policies and agricultural reforms.
- Technological advancements in farming practices.
- Global market prices and trade agreements affecting wheat imports.
