The forecast for the import of frozen fish fillets to Saudi Arabia shows a steady year-on-year increase from 2024 to 2028. Starting at 10.921 million kilograms in 2024, the imports are expected to grow to 11.148 million kilograms by 2028. Comparing this with the actual figure for 2023, which stood at 10.8 million kilograms, we observe modest but consistent growth.
Analyzing year-on-year variations, the growth from 2023 to 2024 is approximately 1.12%. Following this, the increments remain consistent with an annual growth rate around 0.54% - 0.55%. The compound annual growth rate (CAGR) over this five-year forecast period is 0.63%, illustrating a stable upward trend in import volumes.
Future trends to watch for include potential changes in consumer demand, shifts in international trade policies, fluctuations in the global fishing industry, and advancements in cold chain logistics. Monitoring these factors will be crucial to understand and respond to changes in import patterns for frozen fish fillets in Saudi Arabia.
