Oilseeds demand in the United Arab Emirates saw fluctuations from 2014 to 2023, declining from 1060.0 thousand metric tons in 2014 to 906.0 thousand metric tons in 2023. Between 2022 and 2023, the year-on-year variation was -0.98%, while the CAGR over the last five years was -0.52%, indicating a steady downward trend in demand. Notably, the demand decreased significantly in 2018 by 8.01% and has largely remained on a declining trajectory with minor rebounds such as in 2021 with a 4.14% increase.
The forecast for 2024 onwards shows a continued decrease in demand with the CAGR predicted at -0.86% over the next five years, leading to an overall decline of 4.21% by 2028. This suggests that the demand reduction will persist at an almost consistent pace.
Future trends to monitor include potential policy changes affecting imports, alternative crop adoption, and shifts in dietary patterns towards more sustainable options. Additionally, any economic interventions or changes in the global supply chain could influence these projections.
