The olive oil import volume in the United Arab Emirates has experienced fluctuations over the past several years. Starting at 20.0 thousand metric tons in 2014, the imports reached 23.0 thousand metric tons by 2023. The import volume showed significant growth in certain years, such as a 14.29% increase in 2016, while it also saw declines, such as the 17% drop in 2020. Overall, from 2019 to 2023, the compound annual growth rate (CAGR) was 0.89%.
Looking forward, the forecast suggests a moderate and stable increase. The volume is expected to reach 23.84 thousand metric tons by 2028, with a projected five-year CAGR of 0.53% and an overall growth rate of 2.7% over this period.
Future trends to watch for include:
- Economic and trade policy changes affecting the olive oil market.
- Consumer preferences shifting towards healthier food options, potentially increasing demand for olive oil.
- The potential impact of environmental changes on olive oil production in key exporting countries.
- Technological advancements in the food industry that may influence import volumes.
