The import of dried apples to Saudi Arabia has experienced significant fluctuations since 2013, peaking in 2014 and gradually declining thereafter. The year-on-year variation for 2023 saw a decline of 2.22%, positioning the market value at around $408.14 thousand. The compound annual growth rate (CAGR) over the last five years indicated an average annual decrease of 1.58%. Forecasted data suggests a continued decline through to 2028, with a forecasted five-year CAGR of -2%, leading to an overall decrease of 9.6% across that period.
Future trends to watch for:
- Potential changes in consumer preferences towards healthier snacking options, which can affect demand.
- Economic factors and trade policies that may impact import activities.
- Innovations in the dried fruit market, including product diversification.
- Global supply chain disruptions and their effects on import costs and availability.
