Based on actual data, sweetener export volume in the UAE stood at 1.55 million metric tons in 2023, reflecting a year-on-year increase of 0.59%. Over the preceding years, the export volume demonstrated notable fluctuations with significant highs and lows: a remarkable surge of 30.97% in 2017 and a steep decline of 42.03% in 2018. The data from the last two years show stabilization, with mild growth rates of 0.52% in 2022 and 0.59% in 2023. Over the past five years, the compounded annual growth rate (CAGR) settled at 4.25%, indicating moderate expansion despite earlier volatility.
Future trends to watch for include:
- Steady growth: The forecasted export volumes from 2024 to 2028 suggest a gradual but consistent increase, with a forecasted 5-year CAGR of 0.45% and an overall growth rate of 2.28%.
- Market stabilization: The recent stabilization in year-on-year variations hints at a more predictable and stable export market.
- Economic factors: Impact from global economic conditions and trade policies may influence future export trends.
