The UAE's sunflowerseed oil market volume exhibited a fluctuating growth from 2014 to 2023, starting at 15.0 thousand metric tons and reaching 20.0 thousand metric tons by 2023. The market saw some volatility with significant increases in 2017 (25%) and decreases in 2018 (-10%). For the last two years, the year-on-year growth has been 5.26%, indicating a stable upward trend. The compound annual growth rate (CAGR) over the last five years was 2.13%. Forecasts suggest a continued but slower growth with a forecasted CAGR of 1.11% and a total growth rate of 5.67% by 2028.
Future trends to watch for include:
- Technological advancements in oil extraction and processing
- Increasing health awareness driving demand for sunflowerseed oil
- Potential impacts of policy changes and trade agreements
- Fluctuations in global sunflowerseed production affecting supply
- Shifts in consumer preferences towards alternative oils
