The forecasted import of oranges to Saudi Arabia shows an increasing trend from 2024 to 2028. In 2023, the actual import was 438 million kilograms. The year-on-year growth rates are as follows:
- From 2023 to 2024: an increase of 1.27%
- From 2024 to 2025: an increase of 1.33%
- From 2025 to 2026: an increase of 1.29%
- From 2026 to 2027: an increase of 1.25%
- From 2027 to 2028: an increase of 1.20%
Over the five-year period from 2023 to 2028, the compound annual growth rate (CAGR) stands at approximately 1.27%. This consistent rise indicates a steady demand for oranges in Saudi Arabia, driven by factors such as population growth and increasing health consciousness.
Future trends to watch include potential impacts from climate change affecting global orange production, changes in trade policies, and shifts in consumer preferences towards locally produced fruits or other citrus alternatives.
