Forecast: Meat Stock Variation in United Arab Emirates

From 2014 to 2023, the meat stock in the UAE has shown an overall increasing trend, with an approximate value of 44.0 thousand metric tons as of 2023. Initially, the series experienced significant growth in 2015 (up 17.65%) and 2016 (up 17.5%), peaking in 2016 with a value of 47.0 thousand metric tons. However, a slight dip occurred in 2017 and 2018, reflecting declines of 2.13% and 15.22%, respectively. The period from 2019 onwards demonstrated moderate recovery and consistent growth, with minor fluctuations such as a decrease in 2020 and stabilization in 2022 before rebounding by 2.33% in 2023. Over the last five years, the compound annual growth rate (CAGR) stood at 2.44%.

Looking forward, the forecasted data from 2024 to 2028 suggests a continued upward trend, although at a slower average growth rate, projected at a forecasted 5-year CAGR of 0.84%, culminating in an expected meat stock of 46.2 thousand metric tons by 2028. This future trend reflects a forecasted 5-year growth rate of 4.29%.

Future trends to watch for include potential impacts of global supply chain disruptions, shifts in consumer preferences towards alternative protein sources, and possible policy changes affecting meat imports and production within the UAE. Monitoring these factors will be crucial for understanding the future dynamics of the meat stock market in the region.

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