Forecast: Soybeans Market Size Volume in United Arab Emirates

In 2023, the soybean market volume in the United Arab Emirates stood at 4.0 thousand metric tons. The forecasted data shows a steady increase in the following years, with projections reaching 4.1 thousand metric tons in 2024, 4.2 thousand metric tons in 2025, and 4.2 thousand metric tons in 2026. By 2027 and 2028, the market volume is expected to rise to 4.3 and 4.4 thousand metric tons, respectively.

Year-on-year variations reflect a consistent but moderate growth rate. The market is predicted to expand by around 2.5% from 2023 to 2024, then by approximately 2.4% from 2024 to 2025, remaining flat between 2025 and 2026. Continued growth of about 2.4% and 2.3% is forecasted for 2027 and 2028. The compound annual growth rate (CAGR) for the 2024-2028 period stands at about 1.9% per year.

Future trends to watch for include potential shifts in domestic agricultural policies, global trade dynamics affecting soybean imports, and the expanding demand for plant-based protein sources within the UAE market.

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