The import of prepared or preserved shrimps and prawns to the UAE is projected to see a steady increase from 2024 to 2028 with values of 6.3534 million kilograms in 2024 to 7.8241 million kilograms in 2028. In 2023, the value stood at 6.0 million kilograms.
Analyzing year-on-year variations:
- 2024 sees an increase of 5.89% from 2023.
- 2025 sees an increase of 5.97% from 2024.
- 2026 sees an increase of 5.52% from 2025.
- 2027 sees an increase of 5.12% from 2026.
- 2028 sees an increase of 4.77% from 2027.
The compound annual growth rate (CAGR) over the 5-year period (2024-2028) averages at 5.45%.
Future trends to watch for include fluctuations in global shrimp and prawn supply, changes in trade policies, and shifts in consumer demand for seafood products. Additionally, the impact of sustainability practices and innovations in food preservation technology could further influence import volumes.
