From 2013 to 2017, the United Arab Emirates experienced substantial growth in agricultural raw materials exports, with year-on-year variations reaching as high as 21.93% in 2017 and a compounded annual growth rate (CAGR) of 15.31%. However, a significant downturn began in 2018, with a marked -47.74% drop in 2019 and continued declines through 2020. Although there was a brief recovery in 2021, the trend remained downward through 2023, with a year-on-year decrease of 3.56% and a five-year CAGR of -9.43%.
Looking forward, the forecasts suggest a continuing decline with an anticipated CAGR of -3.21% and a total decrease of -15.07% in agricultural raw materials exports by 2028. The 2023 value stood at 0.061 Unit of Goods Exports, providing a challenging outlook for the sector.
Future trends to watch for:
- Potential policy changes in agricultural trade.- Innovation in sustainable farming practices.- Fluctuations in global commodity prices.- Economic diversification efforts within the UAE.- Impacts of climate change and water resource management.
