The wine demand in the UAE stood at 37.0 thousand metric tons in 2023, maintaining the same value for three consecutive years. Observing the value from 2014 to 2019, there were notable fluctuations, with a significant demand peak of 46.0 thousand metric tons in 2017 and a low of 18.0 thousand metric tons in 2016. As for yearly variations, there were substantial shifts, including a significant year-on-year increase of 155.56% in 2017 following previous declines. The average compound annual growth rate (CAGR) over the last five years leading up to 2023 has remained relatively modest at 0.55%.
Looking ahead, forecasts up to 2028 predict a steady but minimal growth in wine demand, with values slightly increasing from 37.08 thousand metric tons in 2024 to 37.29 thousand metric tons in 2028. The forecast 5-year CAGR is estimated at a mere 0.11%, reflecting a stagnated market.
Future trends to watch for:
- Potential policy changes affecting the alcohol market.
- Increased tourism and expatriate population could invigorate demand.
- Shifts in consumer preferences towards premium or sustainable wine options.
