The grapefruit market in the United Arab Emirates has shown significant fluctuations from 2014 to 2023. Starting at 11.0 thousand metric tons in 2014, the market saw various declines and increments, reaching 6.0 thousand metric tons in 2023. Key variations include a notable 30% decrease in 2018 and a 14.29% decrease in 2023. The compound annual growth rate (CAGR) over the last five years stands at -3.04%, indicating a declining trend in market size.
Looking ahead to the forecasted data from 2024 to 2028, the market is expected to continue its downward trend, with an anticipated CAGR of -4.64% and an overall decrease of 21.14% by 2028.
Future trends to watch for:
- Impact of import policies and tariffs on grapefruit supply.
- Changing consumer preferences towards other citrus fruits.
- Innovations in grapefruit production and marketing strategies.
