Saudi Arabia's milled rice imports are forecasted to rise gradually from 1.36 million metric tons in 2024 to 1.41 million metric tons by 2028. Compared to 2023, which recorded 1.35 million metric tons, the expected year-on-year variations are as follows: 0.74% in 2024, 0.74% in 2025, 1.46% in 2026, 0.72% in 2027, and 0.71% in 2028. The Compound Annual Growth Rate (CAGR) over the five-year period is projected to be around 0.88%.
Future trends to watch for:
- Demographic changes and population growth impacting rice consumption.
- Shifts in dietary preferences and their influence on rice import needs.
- Potential trade policy adjustments impacting rice import volumes.
- Technological advancements in agriculture potentially affecting local rice production.