The wine export volume in the United Arab Emirates experienced significant fluctuations from 2014 to 2023. In 2023, the export volume stood at 5.0 thousand metric tons, reflecting no year-on-year change from 2022. Historically, a steep decline occurred in 2015 with a decrease of 71.43%, followed by periods of modest recovery and stability, and some sporadic variations. The compound annual growth rate (CAGR) over the past five years was -8.97%, indicating a substantial average annual decline.
The forecast from 2024 onwards suggests a continued downward trend, with a projected 5-year CAGR of -8.86% and an estimated overall decline of 37.11% by 2028, reaching a volume of 2.77 thousand metric tons.
Future trends to watch for include:
- Potential impact of economic policies on import and export regulations.
- Changes in global wine consumption patterns, especially in emerging markets.
- The effect of regional geopolitical stability on trade routes and market access.
- Innovations and disruptions within the alcoholic beverages sector impacting demand.
