The import of animal feed to the UAE has shown variability over the years. Starting at $90.831 million in 2013, there were significant increases and occasional declines, with notable growth in 2014 (74.37%) and 2017 (68.02%). The value reached $212.54 million in 2023. The last two years saw a year-on-year increase of 2.91% in 2022 and 2.77% in 2023. The five-year CAGR ending in 2023 stands at 2.32%.
Future trends to watch for:
- A steady growth rate predicted, with a forecasted five-year CAGR of 2.07% through 2028.
- Continued yearly increments, resulting in an estimated value of $242.43 million by 2028.
