The import of olive oil to the UAE has shown fluctuating growth over the past decade, with the value standing at 64.599 million USD in 2023. The year-on-year variation in 2022 and 2023 were modest at 2.39% and 2.29% respectively. Despite a significant dip in 2020, the market has overall grown, with a 5-year CAGR at 2.33% and is forecasted to grow at a 1.74% CAGR from 2024 to 2028. The forecast predicts steady growth reaching 72.14 million USD by 2028, indicating a nine percent increase over the five forecasted years.
Future trends to watch for:
- Market diversification in supplier countries impacting import figures.
- Increased consumer demand for premium, organic olive oils.
- Potential economic or geopolitical factors disrupting trade flows.
