The demand for grapes in Saudi Arabia has shown significant growth from 2014 to 2023, rising from 88.0 thousand metric tons to 181.0 thousand metric tons. This represents consistent growth with notable peaks in 2016 and 2018. The year-on-year variations provide insight into these trends, showing a strong growth rate in 2018 with a 37.19% increase, followed by a slight contraction in 2019 and 2020. However, recovery was seen from 2021 onward, with a year-on-year growth rate of 3.43% in 2023. The compound annual growth rate (CAGR) over the last five years stands at 1.75%.
Looking ahead to the forecasted period from 2024 to 2028, the demand for grapes is expected to continue its upward trajectory with a projected 5-year CAGR of 2.34% and an overall growth rate of 12.28%. This indicates sustained demand growth, although at a more moderated pace compared to some previous peak years.
Future trends to watch for include the potential influence of changing consumer preferences, advancements in agricultural technology, and possible impacts of global supply chain dynamics on grape availability and pricing. Monitoring these factors will be crucial for accurately forecasting future demand.
