Cereal production in Saudi Arabia has experienced significant fluctuations over the past decade. In 2023, the production stood at 1,116.5 thousand metric tons, showcasing a year-on-year decline of 3.8%. This decrease is consistent with the general downward trend observed since 2019, except for slight increases in 2019 and 2021. The compound annual growth rate (CAGR) over the last five years stood at -3.66%, indicating a consistent reduction in production volumes. The forecast for the next five years also suggests a further decline in production, with a forecasted CAGR of -3.66% leading to a 17.02% drop by 2028.
Future trends to watch for:
- Impact of water resource management policies.
- Adoption of new agricultural technologies.
- Changes in domestic and global demand for cereals.
