The soybean oil supply in the UAE has been projected to remain steady at 63.0 Thousand Metric Tons from 2024 through 2028. For context, in 2023 the supply also stood at 63.0 Thousand Metric Tons, indicating a consistent trend without significant variation. Over the last two years (2022 to 2023), there has been no year-on-year variation, and this stability is expected to continue with no change illustrated in the forecasted period. The Compound Annual Growth Rate (CAGR) over the last five years thus stands at 0%.
Future trends to watch for include potential impacts of global trade policies, technological advancements in agricultural practices, and shifts in demand due to dietary trends or alternative oil preferences. These factors could influence the stability of the supply forecast and may result in future adjustments.
