Saudi Arabia's export of prepared or preserved fish has seen significant fluctuations from 2013 to 2023, marked by initial erratic growth followed by stabilization in recent years. In 2023, the export volume reached 332.18 thousand kilograms, representing a 5.82% increase from the previous year. The last two years saw a growth of 6.32% in 2022 and 5.82% in 2023. The compound annual growth rate (CAGR) over the previous five years stands at 0.62%, indicating a modest but steady increase.
Future trends to watch for include:
- A forecasted CAGR of 3.96% from 2024 to 2028.
- Projected growth rate of 21.4% over the next five years.
- Potential market shifts due to changes in global demand and supply chain dynamics.
