Forecast: Maize Market Size Volume in Saudi Arabia

From 2014 to 2023, the maize market volume in Saudi Arabia exhibited variations, growing from 0.802 to 1.01 million metric tons. This represents a compounded average growth rate (CAGR) of approximately 1.27%. The market saw notable year-on-year changes: significant increases in 2016 (12.63%) and 2017 (9.4%), and a few declines, notably in 2015 (-2.24%) and 2020 (-3.81%). Over the past two years, the market demonstrated steady growth with a year-on-year increase of 1.2% in 2022 and 2023.

Looking ahead, the market is forecasted to grow steadily with a 5-year CAGR of 0.95%, reaching 1.07 million metric tons by 2028. Overall, the forecasted growth rate from 2024 to 2028 is 4.83%.

Future trends to watch for include:

  • Potential impacts of global economic conditions on import costs and availability.
  • Advancements in local agricultural practices and technology that might boost domestic maize production.
  • Changing dietary preferences and consumption patterns influencing maize demand.
  • Government policies and initiatives aimed at food security and agricultural sustainability.

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