The Saudi Arabian poultry meat market saw fluctuations from 2014 to 2023, peaking at 1.45 million metric tons in 2016 before experiencing a decline, bottoming out at 1 million metric tons in 2020. By 2023, the market size slightly reduced to 1.19 million metric tons. Over the past five years, the compound annual growth rate (CAGR) was 0.15%. Key trends observed include:
- Significant growth in 2015 and 2016, followed by a sharp decline in 2017.
- A noticeable drop in volume during 2020, likely due to global disruptions.
- Recovery and stabilization in 2021, though a slight decline in recent years.
For future trends, watch for:
- Market stabilization with a slight declining forecasted CAGR of -0.42% over the next five years.
- Impact of health trends, sustainability, and potential trade policy changes.
