The historical data on cottonseed tourist consumption in the United Arab Emirates from 2014 to 2023 reveals a fluctuating trend. In 2023, consumption stood steady at 9.0 thousand metric tons, the same as the previous year, resulting in a 0% year-on-year variation. Over the past five years (2019 to 2023), the compound annual growth rate (CAGR) has been -2.09%, indicating a slight decline.
Key year-on-year variations:
- 2015: -37.5%
- 2016: -20%
- 2017: +50%
- 2018: +66.67%
- 2019: -10%
- 2020: -5%
- 2021: +5.26%
- 2022: 0%
- 2023: 0%
Looking forward, forecast data from 2024 to 2028 predicts a gradual increase in cottonseed tourist consumption, with a forecasted 5-year CAGR of 1.02% and an overall growth rate of 5.19%. This suggests a stable yet modest upward trend.
Future trends to watch for include shifts in tourist dietary preferences, potential changes in agricultural practices, and the impact of global economic factors on tourism and food consumption patterns in the UAE.
