Over the past decade, the demand for oranges and mandarines in Saudi Arabia has displayed some variability. The actual demand showed a general rising trend from 2016 to 2022, before stabilizing around 2023, reaching around 350 thousand metric tons. This represents a minimal year-on-year increase of 0.29% in 2023. However, the Compound Annual Growth Rate (CAGR) over the last five years was relatively modest at 0.23%.
In the more recent years before forecasting begins, the fluctuations included a notable increase in demand in 2016 by 8.83%, followed by a slight decline and subsequent recovery phases. The year-on-year variations highlight a mix of positive and negative growth rates, emphasizing the market's responsiveness to various factors.
Forecasts from 2024 onward indicate a continued steady increase in demand, with a projected CAGR of 0.39% over the next five years. By 2028, the demand is expected to grow by approximately 1.99%, reaching around 359.05 thousand metric tons.
Future trends to watch for include potential impacts of local agricultural policies, changes in consumer preferences towards citrus fruits, and supply chain efficiencies. Key external factors such as global market dynamics and climate change could also play significant roles in influencing these trends.
