Over the past decade, oilseed processing volumes in the United Arab Emirates have shown a clear downward trend. Starting at 985.0 thousand metric tons in 2014, the volume steadily decreased to 743.0 thousand metric tons by 2023. The year-on-year fluctuations highlight several key moments, such as a notable dip of 12.71% in 2018, slight recovery in 2019 with a 2.3% increase, and a consistent decline from 2020 to 2023.
The average annual decline (CAGR) over the last five years stands at -1.04%, reinforcing the sector's overall downtrend. Forecasts for the next five years predict a continued decrease with an anticipated CAGR of -1.65%, suggesting a further reduction to 670.0 thousand metric tons by 2028, a cumulative drop of 7.97% over this period.
Future trends to watch for include potential shifts in global oilseed market dynamics, trade policies affecting UAE imports and exports, advancements in processing technology, and sustainability initiatives that could impact production practices and volumes.
