The import of fortified wine or must to the UAE demonstrated notable fluctuations between 2013 and 2023, starting at 14.666 million kilograms in 2013 and reaching 41.686 million kilograms by 2023. The values observed significant year-on-year variations with the highest increase of 120.79% between 2016 and 2017 and the steepest decline of 36.9% from 2012 to 2013. Other noticeable changes include:
• The year from 2013 to 2017 saw substantial fluctuations, ending with a significant rise of 120.79% in 2017.
• The period from 2018 to 2020 experienced more moderate changes, with a negative variation in 2020.
• The last two years, 2022 and 2023, reported modest year-on-year growth rates of 2.91% and 2.77%, respectively.
Looking ahead, the forecasted data from 2024 to 2028 anticipate modest year-on-year growth, stabilizing around 2.07% CAGR and a forecasted 10.8% 5-year growth rate.
Future trends to watch for include:
• Potential market stabilization due to consistent forecasted growth rates.
• External factors such as global trade dynamics impacting import volumes.
• Possible shifts in consumer preferences and regulatory changes within the UAE that could alter import patterns.
