The forecasted banana market size volume in Saudi Arabia shows a declining trend from 2024 to 2028. The volume decreases from 139.26 Thousand Metric Tons in 2024 to 125.42 Thousand Metric Tons in 2028, marking a clear year-on-year reduction. Prior to 2024, actual volumes indicated a less pronounced decline, but from the end of 2023 until 2028, the market witnesses more significant reductions in banana volumes.
Year-on-year variations show a consistent decrease, with 2024 to 2025 dropping by approximately 2.57%, 2025 to 2026 falling by around 2.57%, 2026 to 2027 down by about 2.59%, and 2027 to 2028 decreasing by around 2.61%. This indicates an accelerating decline rate as the years progress.
Over the last five years, the compound annual growth rate (CAGR) suggests an annual average decline, reaffirming the decreasing consumption or supply of bananas within the Saudi market.
Future trends to watch for include potential shifts in consumer preferences towards other fruits, changes in import regulations, and fluctuations in global banana production which could further impact market volumes. Monitoring these factors closely will be essential for accurately forecasting banana volumes and adapting to market changes.
