The olives market in Saudi Arabia stood at 19.06 thousand metric tons in 2023. Forecast data indicates a steady year-on-year increase in market size volume from 2024 to 2028. Specifically, the market is expected to grow from 19.17 thousand metric tons in 2024 to 19.59 thousand metric tons by 2028.
Year-over-year variations demonstrate a continuous, albeit modest, upward trend:
- 2025: 0.57% increase from 2024
- 2026: 0.52% increase from 2025
- 2027: 0.57% increase from 2026
- 2028: 0.51% increase from 2027
The Compound Annual Growth Rate (CAGR) over this five-year period is approximately 0.55%, indicating a stable market environment with consistent, albeit slow, growth.
Future Trends to Watch For:
- Potential influences of climate change on olive cultivation and yield
- Technological advances in agriculture that could increase production efficiency
- Shifts in consumer preferences toward healthy eating, impacting demand
- Policy changes or government initiatives supporting agricultural growth in Saudi Arabia
