The wine import volume in the United Arab Emirates stood at 41.0 thousand metric tons in 2023, indicating stability over the last three years. Historical data reveals significant fluctuations: a notable decline from 2014 to 2016, followed by a steep rise in 2017 and a subsequent gradual decrease thereafter. From 2019 to 2023, the compound annual growth rate (CAGR) was -0.95%, reflecting a mild downward trend. Forecasts predict a continued slight decline with a CAGR of -0.87% from 2023 to 2028, resulting in an anticipated volume of 38.63 thousand metric tons by 2028.
Future trends to watch for:
- Economic and regulatory developments in the UAE and their impact on wine imports.
- Changing consumer preferences for wine versus other alcoholic beverages.
- Trade relationships and agreements influencing import volumes from key wine-producing countries.