Based on the data, the beef meat slaughtering in the UAE has shown varied trends over the past decade. In 2023, the value stood at 80.06 thousand heads. The year-on-year variations were significant, with the highest increase seen in 2015 at 24.33% and notable declines like in 2014 at -6.99%. Over the past five years, from 2019 to 2023, the compound annual growth rate (CAGR) averaged at 2.12%. Forecasts indicate moderate growth, with a projected value of 87.48 thousand heads by 2028, with an average forecasted CAGR of 1.4% over the next five years.
Future trends to watch for:
- Potential impacts of global trade policies and tariffs on beef imports and exports.
- Changes in consumer preferences towards beef consumption and alternative proteins.
- Economic factors influencing local and imported beef production and consumption rates.