The import of apple juice to Saudi Arabia has shown fluctuating trends over the years. Starting at $31.639 million in 2013, it increased to $32.716 million in 2014 but then experienced significant declines, reaching $16.948 million in 2020. The subsequent years saw mild recoveries and slight declines, stabilizing around $19.936 million in 2023. Year-on-year variations have been noticeable, with notable decreases in 2015 (-17.36%), 2017 (-12.94%), and 2020 (-18%), and a significant increase in 2021 (19.04%). Over the past five years, the compound annual growth rate (CAGR) has been slightly positive at 0.32% between 2018 and 2023.
Looking forward, forecasted values indicate a gradual decline, with the CAGR projected to be -1.02% over the next five years, bringing the value down to $18.477 million by 2028. The declining trend suggests challenges in sustaining import levels, likely due to changing consumer preferences, economic factors, or competitive pressures from other beverages.
Future trends to watch for include shifts in consumer health consciousness impacting juice consumption, potential trade policy changes, or economic factors that may influence purchasing power and import costs.
