From 2013 to 2023, the import volume of fresh cherries to Saudi Arabia showcased substantial fluctuations, with significant increases in certain years, particularly 2015, and 2017, but also notable declines like in 2018. By 2023, the volume stood at 4,480.6 thousand kilograms, marking a 1.19% year-on-year increase from 2022. Over the last two years, import volumes stabilized with minor growths, signaling a potential steady demand.
Forecasts point to a continuous but moderate rise in the import volume, predicting a 4.77% total growth by 2028 with an average annual growth rate (CAGR) of 0.94% from 2024 to 2028. This indicates a more stable and consistent import trend compared to the previous decade's volatility.
Future trends to watch for include:
- Shifts in domestic consumption patterns.
- The impact of global cherry production and supply chain dynamics.
- Changes in trade policies and tariffs.
- Economic factors affecting consumer purchasing power.
