Forecast: Vegetables Demand in Saudi Arabia

Demand for vegetables in Saudi Arabia stood at 2.27 million metric tons in 2023, reflecting a nominal year-on-year increase of 0.22%. Over the last decade, the demand has experienced fluctuations with significant growth in years like 2016 (4.04%) and contraction in 2018 (-3.83%) and 2020 (-4.79%). The five-year compound annual growth rate (CAGR) leading up to 2023 is 0.47%, indicating slow but steady growth despite occasional dips.

Looking ahead, the market is forecasted to maintain a modest growth trajectory, with a five-year CAGR of 0.18% and an overall growth rate of 0.89% through 2028. The demand is projected to reach 2.29 million metric tons by 2028.

Future trends to watch for:

• Technological advancements in agricultural practices aimed at increasing yield and efficiency.
• Government initiatives promoting sustainable agriculture as part of Vision 2030.
• Shifts in consumer preferences towards organic and locally sourced vegetables.
• Impact of climate change on domestic production capabilities and supply chain logistics.