Analyzing the forecasted potatoes market size volume in Saudi Arabia for the period 2024 to 2028, the values show a consistent upward trend. In 2023, the actual market size volume stood at approximately 590,000 Thousand Metric Tons. For 2024, the forecasted volume is 601.99 Thousand Metric Tons, indicating a growing market.
Comparing the yearly forecasts:
- From 2024 to 2025, the volume increases by approximately 1.95%
- From 2025 to 2026, there is a rise of roughly 1.87%
- From 2026 to 2027, the market grows by about 1.80%
- From 2027 to 2028, the growth is near 1.73%
Cumulatively, the Compound Annual Growth Rate (CAGR) for this period (2024-2028) is around 1.84% per year.
Future trends to watch for include potential impacts of technological advancements in agriculture, changes in consumer dietary preferences, government policies on food security, and variability in global potato production, which may affect prices and supply chains in Saudi Arabia.