Based on the forecasted data, the domestic consumption of palm oil in the UAE is expected to increase steadily from 218.0 Thousand Metric Tons in 2024 to 233.0 Thousand Metric Tons in 2028. This represents a year-on-year growth rate of approximately 1.8% between 2024 and 2025, and similarly around 1.8% annually across the subsequent years up to 2028. The CAGR (Compound Annual Growth Rate) over this five-year period stands at about 1.7%.
Future trends to watch for include:
- Increasing demand for palm oil substitutes as consumer preferences shift towards healthier and more sustainable options.
- Potential changes in import policies or tariffs impacting the price and availability of palm oil.
- Technological advancements in food production that could influence the demand for palm oil as an ingredient.