The import volume of soybean oil in the United Arab Emirates stands at 35 thousand metric tons for 2023. Forecasted data suggests a declining trend over the next five years. The volume is expected to drop from 32.27 thousand metric tons in 2024 to 22.33 thousand metric tons by 2028. The year-on-year variation reveals a consistent decline: 7.9% decrease from 2024 to 2025, 8.4% from 2025 to 2026, 9% from 2026 to 2027, and 9.8% from 2027 to 2028. The compound annual growth rate (CAGR) indicates an average annual decline of 8.8% over the five-year period.
Future trends to watch for include potential policy changes regarding import tariffs, technological advancements in domestic oil production, and fluctuations in global soybean oil prices. Additionally, shifts in consumer preferences towards healthier or alternative oils may influence import volumes.
