In 2023, the import of animal feed to Saudi Arabia stood at 245.07 million US Dollars. Over the past two years, the year-on-year growth has shown positive trends with a 4.5% increase in 2022 and a 4.22% increase in 2023. Looking at the compound annual growth rate (CAGR) over the last five years (2019-2023), the average yearly growth was 3.37%. From 2013 to 2023, the overall growth has been marked by fluctuations, including significant increases in certain years such as 2017 and 2018.
Future trends suggest a continuing growth trajectory with a forecasted 5-year CAGR of 3.01% from 2024 to 2028 and an estimated total growth rate of 16% by 2028. Key trends to monitor will include global commodity prices, domestic animal husbandry practices, and changes in import regulations, all of which could influence the volume and value of animal feed imports.
