The Saudi Arabian coconuts and copra market displayed steady volume from 2014 to 2019 at around 9-10 thousand metric tons. A minor dip to 9.5 thousand metric tons was observed in 2020, with recovery to 10 thousand metric tons by 2021, stabilizing through 2023. The year-on-year variation registered a prominent increase in 2016 at 11.11%, followed by stability or zero variation in several subsequent years. The five-year CAGR from 2019 to 2023 is nominal, indicating marginal market growth. Forecasted data suggests a slight upward trend, projecting growth to 10.3 thousand metric tons by 2028, with a 5-year CAGR of 0.39%.
Future trends to watch for include potential influences of global supply chains, economic policies affecting agriculture, and technological advancements in coconut and copra processing. These factors could impact the degree of market growth and stability in Saudi Arabia over the next five years.
