The consumption of olive oil among tourists in the United Arab Emirates (UAE) has shown significant fluctuations over the past decade. Starting from 1,000 metric tons in 2014, it saw a peak of 4,000 metric tons in 2016, followed by a decline to 1,000 metric tons in 2018. The consumption stabilized around 2,000 metric tons from 2019 onwards. In 2023, the value stood at 2,000 metric tons with no year-on-year variation.
Key variations include:
- Year-on-Year (2016): 100% increase compared to 2015
- Year-on-Year (2017): 25% decrease compared to 2016
- Year-on-Year (2018): 66.67% decrease compared to 2017
- Year-on-Year (2019): 100% increase compared to 2018
- Year-on-Year (2020): 17% decrease compared to 2019
- Year-on-Year (2021): 20.48% increase compared to 2020
- Year-on-Year (2022): 0% change compared to 2021
- Year-on-Year (2023): 0% change compared to 2022
The average variation per year over the last five years stands at a CAGR of 14.87%. For future trends, from 2024 onwards, the data forecasts a gradual increase, with the expected consumption in 2028 at 2,160 metric tons and a forecasted 5-year CAGR of 1.15%, indicating a slightly positive but stable trend.
Future trends to watch for include potential changes in tourist demographics and regional preferences, as well as any shifts in the marketing and availability of olive oil within the UAE. Monitoring global olive oil supply and price fluctuations will also be crucial for predicting future consumption patterns.
