The import of fresh or chilled lobsters to the UAE in 2023 stood at 352.60 thousand kilograms. Based on the forecasted data from 2024 to 2028, we see a consistent year-on-year decline in import volumes. This downward trend signifies a consecutive reduction in the volume purchased. Specifically, the projected percentages are as follows:
- 2024: -1.38%
- 2025: -1.10%
- 2026: -1.08%
- 2027: -1.08%
- 2028: -1.07%
The Compound Annual Growth Rate (CAGR) over this five-year forecast period stands at -1.14%, indicating a modest but notable average annual decrease in lobster imports. Trends to watch for in the future include changes in consumer preference, environmental regulations impacting supply, or shifts in the global seafood market that could affect both demand and import volumes for fresh or chilled lobsters to the UAE.
