The demand for crustaceans in the United Arab Emirates has experienced significant fluctuations over the past decade, with a marked low point in 2015 followed by a recovery with substantial year-on-year increases until 2017. The demand then stabilized somewhat, showing less dramatic changes but maintaining a modest upward trend. In 2023, crustacean demand stood at 49.35 Thousand Metric Tons, reflecting a year-on-year increase of 1.82% and a 5-year CAGR of 1.05%.
Between 2024 and 2028, the forecast indicates a steady increase in demand, with the 5-year CAGR projected at 1.43% and an overall growth rate of 7.34%. This trend suggests a consistent, albeit modest, rise in crustacean consumption in the UAE over the forecast period.
Future trends to watch for include:
- Shifts in consumer preferences towards luxury seafood.
- Potential impacts of economic fluctuations and disposable income on seafood demand.
- Environmental and sustainability factors influencing crustacean supply and pricing.