The demand for oilseeds in Saudi Arabia was recorded at a certain value in 2023. Forecasts for 2024 indicate a demand of 774.1 Thousand Metric Tons. The subsequent years show a gradual decline: 766.5 in 2025, 759.0 in 2026, 751.7 in 2027, and 744.5 in 2028. This represents a forecasted decline trend over the coming years.
- Variation year-on-year for 2024 to 2025: -0.98%
- Variation year-on-year for 2025 to 2026: -0.98%
- Variation year-on-year for 2026 to 2027: -0.96%
- Variation year-on-year for 2027 to 2028: -0.96%
- The CAGR over the five-year period from 2024 to 2028 is -0.98% per year.
Future trends to watch for include shifts in consumption patterns influenced by dietary changes, government policies on agricultural imports, and potential advancements in local oilseed production. Monitoring these factors could provide deeper insights into the market's trajectory.
