The grapes market in the UAE experienced significant fluctuations over the past decade. Between 2014 and 2017, the market showed steady growth with a peak in 2015. However, 2018 marked a drastic decline by 50%, followed by some recovery until 2021. In recent years, the market faced a consistent downtrend, with 2023 at 27 thousand metric tons, reflecting a 3.57% year-on-year decline and an overall CAGR of 0.76% for the last 5 years. Forecasts predict a continued decrease, with a 5-year CAGR of -4.69%, leading to a market size of 20.05 thousand metric tons by 2028.
Future trends to watch for:
- Shifts in consumer preferences for different types of fresh fruits.
- The impact of technological advancements in agriculture on grape production.
- Changes in import-export policies affecting grape supply and pricing.
- Potential growth in organic and locally sourced grape demand.
