Forecast: Coconuts and Copra Import Volume in Saudi Arabia

The import volume of coconuts and copra in Saudi Arabia has shown fluctuations from 2014 to 2023, with notable increases and decreases. In 2023, the volume stood at 12.0 thousand metric tons. The year-on-year variation in 2023 was 0%, reflecting stability from 2022. However, the value did rise by 0% from 2022 to 2023 and exhibited a 1.76% CAGR over the last five years. In contrast, between 2019 and 2020, there was a decline of 5%, indicating some volatility. The forecasted trend from 2024 to 2028 suggests a steady increase, with a projected CAGR of 1.2% and an overall growth rate of 6.15% over the five years.

Future trends to watch for:

  • Potential impacts of agricultural policies and trade agreements on import volumes.
  • Market demands driven by changes in consumer preference for coconut-based products.
  • Global climate changes affecting the supply and price stability of coconuts and copra.

Top Countries about Coconut