The Demersal Fish Market in the United Arab Emirates experienced fluctuations over the past decade. After a slight dip in 2015, values modestly increased until 2019. The market took a significant hit in 2020, dropping by nearly 17%, largely due to external factors such as the pandemic. However, the market rebounded by 2021 and showed steady recovery and growth through 2023, reaching 70.99 thousand metric tons. Year-on-year growth for 2023 was 0.056%, with a five-year CAGR of 0.023% indicating steady, albeit slow, recovery.
Future trends to watch for include:
- Environmental and sustainability regulations affecting fishery practices.
- Technological advancements in fishing and aquaculture.
- Changes in consumer preferences and demand for sustainable fish products.
- Global trade policies impacting fish exports and imports.
