The centrifugal sugar supply in Saudi Arabia stood at 2.24 million metric tons in 2023. From 2024 to 2028, the supply is forecasted to increase steadily from 2.26 million metric tons to 2.34 million metric tons. The year-on-year variations show approximately a 0.88% increase yearly from 2023 to 2024 and a consistent rise of around 0.88% through 2028. The compound annual growth rate (CAGR) over the five years from 2024 to 2028 is expected to be approximately 0.88% annually.
Future trends to watch for include:
- Potential impacts of global sugar market fluctuations on Saudi imports.
- Changes in domestic agricultural policies affecting sugar production.
- Technological advancements in sugar production methodologies.
- Shifts in consumer preferences towards healthier and alternative sweeteners.
