In 2023, the import volume of pelagic fish in Saudi Arabia stood at 195.23 thousand metric tons. Moving forward, from 2024 to 2028, the forecasted data indicates a steady annual increase in import volumes. Specifically, the values are expected to rise from 196.13 in 2024 to 199.69 thousand metric tons by 2028. The year-on-year growth rates are relatively small, showing an increase of approximately 0.5-0.6% per year. Analyzing the data over the last two actual years (2022 and 2023), there has been a consistent upward trend. The compound annual growth rate (CAGR) for the upcoming five years is approximately 0.6%.
Future trends to watch for include potential fluctuations in global fishery stocks due to climate change, shifts in Saudi Arabia's dietary preferences influenced by health trends, and changes in trade policies that may affect import volumes. Monitoring these factors will be crucial for anticipating further changes in the market.
