Analyzing the provided forecast data for maize market size volume per capita in Saudi Arabia, we observe steady growth from 2024 to 2028. The volume is expected to rise from 29.55 kilograms per capita in 2024 to 30.36 kilograms per capita in 2028, marking a consistent increase year-on-year. The year-on-year percentage variation shows a modest growth rate, indicative of a stable demand trend. For a longer-term perspective, the compound annual growth rate (CAGR) from 2023 to 2028 offers an insightful measure of overall annual growth, which can be useful for understanding long-term market potential. The 2023 maize market volume per capita stood at 29.35 kilograms. Analyzing trends over the past two years (2022-2024), the trend has shown minor variation, pointing to gradual but consistent growth in maize consumption.
Future trends to watch for in this sector include:
- Increasing demand due to population growth and changes in dietary preferences.
- Potential impacts of agricultural policies and climate change on maize production and availability.
- Technological advancements and their potential effects on maize yield and market dynamics.