The UAE's maize demand exhibited notable variability between 2014 and 2023. The demand fluctuated significantly with sharp increases in 2015 and 2017, countered by a sharp decrease in 2018. The 2023 value of 546,000 metric tons represents a moderate increase of 1.11% year-on-year, reflecting a steady growth trend. The compound annual growth rate (CAGR) over the past five years stands at 3.62%.
Future trends to watch include:
- Demand steadying with forecasted year-on-year growth rates between 0.92% and 1.03% from 2024 to 2028.
- A moderate forecasted 5-year CAGR of 0.82%, implying a gradual advancement in maize demand.
