Beef meat production in Saudi Arabia has shown variations over the years, starting with 38 thousand metric tons in 2014 and reaching 44 thousand metric tons in 2023. The year-on-year percentage variation frequently fluctuated, with notable growth in 2015 at 7.89% and decreases like in 2020 with -2.74%. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 was 0.93%, reflecting modest growth.
The forecast suggests continued growth, predicting production to reach 45.48 thousand metric tons by 2028. The forecasted 5-year CAGR is 0.6%, with an overall forecasted 5-year growth rate of 3.01%.
Future trends to watch for involve technological advancements in livestock management, governmental policies aimed at boosting domestic production, and potential impacts from global economic changes on local production capabilities.
