The import of fresh foliage and branches for bouquets to the UAE has shown consistent positive growth from 2013 to 2023, with the value standing at $4.3744 million in 2023. Over the past two years, the import value increased by 5.16% in 2022 and 4.8% in 2023, signaling steady growth. The 5-year CAGR up to 2023 was 4.33%, indicating moderate growth compared to previous periods.
The forecasted import values from 2024 to 2028 suggest continued growth, with the CAGR for 2024-2028 projected at 3.1%, and an overall 5-year growth rate of 16.49%. This indicates a slower but still positive trend in import value.
Future trends to watch for include:
- Potential influences of global economic conditions and trade policies on import behaviors.
- Changes in consumer preferences towards eco-friendly and locally sourced products.
- Technological advancements in horticulture and logistics impacting supply chain efficiencies.