The onions market size in the United Arab Emirates has shown considerable fluctuations over the past decade, reaching 265.0 Thousand Metric Tons in 2023. Notably, the years between 2016 and 2017 experienced a gradual increase, but a significant decline occurred in 2018, with a sharp year-on-year decrease of -14.77%. The subsequent recovery phases were marked by moderate ups and downs. Over the most recent two-year period, the market exhibited stability with minimal year-on-year variation. The Compound Annual Growth Rate (CAGR) over the past five years stands at 0.85%, indicating a generally stable long-term trend. Forecast data from 2024 to 2028 suggests a slight decline, with a forecasted CAGR of -0.14%, anticipating a modest reduction in volume over the next five years.
- The recent five-year historical data (2019-2023) showed an overall stable trend with minor year-on-year fluctuations.
- Forecasted data indicates a slight downward trend in the market with an expected CAGR of -0.14% by 2028.
Future trends to watch for include the impact of agricultural innovation, climate change, and trade policies on onion production and import patterns in the UAE. Enhanced supply chain efficiencies and potential shifts in consumer preferences for organic or locally-sourced produce could also influence market dynamics.
