The orange and mandarines market in Saudi Arabia stood at 269.0 thousand metric tons in 2023. From 2022 to 2023, the market saw a year-on-year increase of 0.37%, and a compound annual growth rate (CAGR) of 0.22% over the past five years. The market showcased varying growth trends in earlier years, with notable fluctuations including a downturn in 2015 (-1.56%) and 2020 (-4.64%), contrasted with strong recovery in 2017 (2.73%) and 2021 (5.66%). Looking ahead, from 2024 onward, the market is forecasted to grow at a 0.25% CAGR, indicating moderate, but steady growth with a 5-year growth rate projected at 1.26%.
Future trends to watch:
- Technological advancements in agriculture boosting yield.
- Changes in consumer preferences towards healthier natural foods.
- Potential impacts of climate change on citrus production.
- Government policies supporting domestic agriculture.
