Based on the data, the import value of cocoa paste to the UAE is projected to grow steadily from 28.679 million USD in 2024 to 29.328 million USD in 2028. The actual import value in 2023 was 28.515 million USD. The year-on-year variations from 2024 to 2028 reflect a consistent growth around 0.6% each year. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is about 0.56% per year.
Future trends to watch for:
- Global cocoa supply chain disruptions that might affect import volumes and values.
- Changes in consumer preferences towards cocoa and related products.
- Fluctuations in global cocoa prices driven by production levels and climatic conditions.
- Trade policies and tariff changes affecting import costs.
