From 2014 to 2023, the import volume of bananas in the United Arab Emirates has shown a general upward trend with fluctuations. Starting from 124,000 Metric Tons in 2014 and reaching 199,000 Metric Tons in 2023, the import volume saw an overall CAGR of 2.37%. Notable year-on-year variations occurred, such as an 18.55% increase in 2015 and an 11.59% rise in 2017, while 2018 and 2020 saw reductions of -3.28% and -2.92% respectively. The past two years (2022 and 2023) recorded moderate growth with year-on-year increases of 2.09% and 2.05% respectively.
- Import volume in 2023: 199,000 Metric Tons
- Year-on-year variation for 2023: 2.05%
- CAGR over the last 5 years: 2.37%
- Forecasted 5-year CAGR (up to 2028): 1.59%
- Forecasted 5-year growth rate: 8.18%
Future trends to watch for include the steady yet slower growth in import volumes forecasted up to 2028, indicating a predicted stabilization in demand. Market participants should monitor potential economic shifts, evolving trade policies, and local agricultural productivity that could impact banana import volumes.
