Forecast: Coffee Demand in Saudi Arabia

Between 2014 and 2023, the coffee demand in Saudi Arabia exhibited a moderate increase, with a few notable fluctuations. The most significant drop was in 2020, where the demand decreased by 17% due to likely disruptions in supply chains or economic impacts, after which the market swiftly rebounded in 2021 with a remarkable 22.49% increase.

By 2023, the demand stabilized at 61.0 thousand metric tons. The Compound Annual Growth Rate (CAGR) over the last five years culminated at 0.33%, indicating a modest growth trend.

Looking ahead, forecasts suggest a continued stable increase with an expected CAGR of 0.36% over the next five years, projecting a demand of 62.5 thousand metric tons by 2028, translating to an overall growth rate of 1.79% for this period.

Future trends to watch for include potential market shifts due to evolving consumer preferences, economic conditions, and innovations within the coffee industry which could significantly impact demand dynamics.