The export of dried fruits from Saudi Arabia has exhibited significant fluctuations over the past decade. From a peak in 2013, exports saw a steep decline in the subsequent years, with slight recoveries in 2017 and 2018. However, the overall trend from 2019 onwards has been negative, with a consistent reduction year-on-year.
As of 2023, the export value stood at 1.3401 million USD. Comparing this to previous years, the year-on-year variation in 2023 showed a decrease of 5.62%. This continued the trend from 2022, where the export value fell by 5.42%. The 5-year compound annual growth rate (CAGR) also indicated a decreasing trend, registering -7.53% from 2018 to 2023.
Future forecasts suggest a continued decline in dried fruit exports from Saudi Arabia, with a projected 5-year CAGR of -5.91%, leading to a decrease to 0.9234 million USD by 2028. This represents an overall decline of 26.27% over the forecasted period.
Future trends to watch for include emerging markets' demand shifts, potential trade policy changes, and advancements in agricultural practices that may impact export volumes. Monitoring these factors will be crucial for a more precise forecast.
