The import value of condiments to Saudi Arabia stood at 176.04 million USD in 2023. Over the twelve years from 2013 to 2023, the import value exhibited significant fluctuations, reflecting both positive growth and contractions. The most notable growth occurred in 2021 with a year-on-year increase of 23.47%. Conversely, 2020 saw the most substantial decline, with a 14.84% drop. Between 2023 and 2028, the forecasted compound annual growth rate (CAGR) is 1.73%, indicating a moderate upward trend, which is expected to result in a total growth rate of 8.95% over this period.
Future trends to watch for include potential impacts from changes in consumer preferences toward healthier and organic condiments, economic policies promoting local production, and fluctuations in global trade dynamics affecting import costs. Monitoring these factors will be essential to accurately predict and strategize for the future of condiment imports into Saudi Arabia.