The import of fresh apples to Saudi Arabia has shown a varied annual trend from 2013 to 2023, with fluctuations in growth rates and year-on-year changes. In 2023, the value stands at 217.27 million US dollars. Over the last two years, the trend has maintained a moderate growth rate, with a year-on-year increase of 2.07% for 2023 and 2.16% for 2022. The Compound Annual Growth Rate (CAGR) over the past five years up to 2023 averages at 2.34%. Forecasted data from 2024 to 2028 suggests a gradual increase, though at a slower pace, with a 5-year forecasted CAGR of 1.59% and an overall growth rate of 8.18%.
Future trends to watch for:
- Changes in domestic production capabilities or policies that could affect import reliance.- Fluctuations in international prices or supply chain disruptions impacting overall import costs.- Shifts in consumer preferences towards local or alternative fruits that may alter import volumes.
