In 2023, the demand for maize oil in the United Arab Emirates stood at 6.1 Thousand Metric Tons. From 2024 to 2028, the forecast indicates a notable decline in demand with a consistent year-on-year decrease. The year-on-year variations are as follows:
- 2024: Demand is expected to decrease by approximately 9.8%.
- 2025: Forecasted to further decline by 10.9%.
- 2026: A continuing downward trend with a 12.1% decrease.
- 2027: Anticipated to reduce by 13.3%.
- 2028: A drop of 14.9% is forecasted.
The compound annual growth rate (CAGR) over this five-year period highlights an average annual decrease of around 12.2%.
Future trends to watch for include potential shifts in consumer preferences towards healthier cooking oil alternatives, government policies on food imports, and economic factors affecting disposable income and purchasing power. Additionally, international trade dynamics and supply chain changes may also impact maize oil demand in the UAE.
