The import volume of freshwater fish in the United Arab Emirates has demonstrated a declining trend over the past decade, standing at 56.18 thousand metric tons in 2023. Since 2014, there has been a consistent downward trajectory, with significant year-on-year variations: a steep decline of 16.21% in 2017, a stark 19.43% drop in 2020, and a slight recovery in 2021 with an increase of 11.06%. The year 2023 saw a decrease of 3.04% from the previous year. Over the last five years, the compound annual growth rate (CAGR) has been -2.74%, indicating a persistent decline. Forecasts for the coming years suggest a continued decrease, with the import volume expected to reach 46.83 thousand metric tons by 2028, reflecting a forecasted 5-year CAGR of -2.82% and an overall decline of 13.34% from 2023 to 2028.
Looking ahead, factors to watch for include:
- Changes in UAE’s local fish farming and aquaculture capabilities could impact import volumes.
- Variations in global freshwater fish supply and prices.
- Shifts in consumer preferences towards sustainable and locally sourced seafood.
- Potential impacts of environmental policies and trade agreements related to fish imports.
