The export of dried fruits from Lebanon showed a highly fluctuating trend between 2013 and 2023. In 2013, the value stood at $477.1K and peaked in 2015 at $905.61K. However, a significant decline was noted from 2016 onwards, hitting a low of $584.21K in 2018. Since then, it generally stabilized, reaching $720.13K in 2023.
The year-on-year variation highlights significant fluctuations: e.g., an increase of 66.42% in 2014, while 2016 saw a decrease of -21.09%. For the last two years, 2022 and 2023 saw modest increases of 2.65% and 2.53%, respectively. Over the past five years, the Compound Annual Growth Rate (CAGR) averaged around 4.27%.
Future trends to watch for include forecasted continued growth with a 5-year CAGR of 1.91%, leading to a projected export value of $812.98K by 2028. This suggests cautious optimism with steady, albeit slow, growth, influenced by global market demand and potential economic and geo-political factors in Lebanon.
