In 2023, the import of coffee substitutes containing coffee to Saudi Arabia stood at 8.414 million USD. The forecasted values show a consistent decrease from 8.3206 million USD in 2024 to 7.9701 million USD in 2028. The observed year-on-year variations indicate a decline of approximately 1.08% from 2024 to 2025, 1.08% from 2025 to 2026, 1.07% from 2026 to 2027, and 1.05% from 2027 to 2028. The compound annual growth rate (CAGR) over the forecasted period is around -1.08%, reflecting a gradual but steady decline.
Future trends to watch for include:
- Changing consumer preferences towards pure coffee versus substitutes.
- Potential impacts of economic policies and trade agreements on import volumes.
- Global supply chain dynamics and commodity price fluctuations.
- Innovation and diversification in product offerings within the segment.