Forecast: Meat Production in Saudi Arabia

Meat production in Saudi Arabia stood at 783 thousand metric tons in 2023, marking a year-on-year variation of 0.51%. Over the last two years, the annual growth rate has shown modest positive trends, with slight increases from 2022 to 2023. Analyzing the longer-term trajectory from 2014 to 2023, we observe fluctuations including periods of decline, such as in 2020 (-4.38%), and growth spurts, e.g., in 2021 (5.81%). The five-year CAGR leading up to 2023 reflects an average annual growth of 0.47%. Forecasted data indicates continued positive, albeit slow, growth, with a projected 2.15% increase over the next five years and a forecasted five-year CAGR of 0.43% by 2028.

Future trends to watch include potential impacts of technological advancements in meat production, government policies aimed at increasing domestic production, and shifts in consumer demand both domestically and globally. The delicate balance between production capacity and environmental sustainability will also play a critical role in shaping the meat production landscape in Saudi Arabia.