The demand for sugar cane in the United Arab Emirates showed consistent growth from 2014, where it stabilized at 1.0 Thousand Metric Tons for three years, then doubled by 2017. It stabilized again around 2.0 Thousand Metric Tons from 2017 to 2023 with minor fluctuations. Notably, the year-on-year variation was mostly 0%, except in 2017 where it shot up by 100%, and a slight decline in 2020 by 5%.
From 2024 onwards, the forecasted data suggests a steady increase, reaching 2.3 Thousand Metric Tons by 2028. The estimated Compound Annual Growth Rate (CAGR) over the last 5 years stands at 1.84%, projecting a 9.52% growth rate over this time period.
Future trends to watch for include:
- The impact of demographic changes and dietary preferences on sugar cane consumption.
- Fluctuations in global sugar prices and import policies.
- Technology advancements in agriculture that may affect domestic production costs and yield.