The import of frozen shrimps and prawns to the UAE stood at $325 million in 2023. The forecasted data from 2024 to 2028 shows an upward trend with values reaching $339.97 million in 2024, $354.91 million in 2025, $369.54 million in 2026, $383.88 million in 2027, and $397.93 million in 2028. The year-on-year variation reflects a consistent growth rate of approximately 4-5% annually. The compound annual growth rate (CAGR) over the five-year forecast period stands at around 4.19%.
Future trends to watch for include potential fluctuations in global shrimp and prawn prices, changes in consumer preferences towards sustainable seafood, and the impact of trade policies on seafood imports. Additionally, technological advancements in aquaculture could influence domestic production and import requirements.
