The grape market in Saudi Arabia has seen significant growth over the past decade, rising from 79.0 thousand metric tons in 2014 to 164.0 thousand metric tons in 2023. This represents a 108% increase over this period. The market exhibited strong year-on-year growth rates between 2014 and 2018, peaking with a 36.36% increase in 2018. Despite a dip in 2019 and 2020, the market recovered, achieving a 3.14% growth rate in 2023. The compounded annual growth rate (CAGR) over the last 5 years is 1.8%.
Looking forward, the forecast over the next five years suggests a CAGR of 2.36%, predicting the market size to reach 190.6 thousand metric tons by 2028. This implies a 12.38% growth rate over this period.
Future trends to watch for:
- **Technological advancements** in grape cultivation and storage.
- **Changing consumer preferences** for fresh and local produce.
- **Economic factors** impacting disposable income and spending patterns.
- **Climate change** effects on agriculture and grape production.
