The import of rice to the UAE in 2023 stood at an actual value of 698.85 million USD. From 2024, the forecasted data indicates a declining trend with values decreasing steadily each year: from 692.56 million USD in 2024 to 669.25 million USD in 2028. This suggests a year-on-year decrease in the value of rice imports, specifically, -0.87% from 2023 to 2024, -0.87% from 2024 to 2025, -0.85% from 2025 to 2026, -0.85% from 2026 to 2027, and -0.84% from 2027 to 2028. The CAGR over the last five years shows an average annual decrease of approximately -0.86%.
Future trends to watch for include potential impacts of global rice production fluctuations, changes in dietary preferences, regional trade policies, and possible shifts towards local production incentives. These factors could influence the forecasted declining trend and should be monitored closely.