Updated Mar 22, 2023 19:35

Avocado Market in the United Arab Emirates

Market Overview
In , after three years of growth, there was significant decline in the avocado market in the United Arab Emirates, when its value decreased by -% to $. Over the period under review, consumption, however, showed a buoyant expansion. Over the period under review, the market attained the peak level at $ in , and then fell in the following year.


Consumption
In , after three years of growth, there was decline in consumption of avocados, when its volume decreased by -% to tons. Overall, consumption, however, recorded a buoyant increase. Over the period under review, consumption attained the maximum volume at tons in , and then dropped in the following year.

The size of the avocado market in the United Arab Emirates dropped to $ in , reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, enjoyed a strong increase. Over the period under review, the market reached the maximum level at $ in , and then fell in the following year.


Market Forecast
Driven by increasing demand for avocados in the United Arab Emirates, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Avocado market in the United Arab Emirates consists almost entirely of imported products.


Trade Balance
The United Arab Emirates remains a net importer of avocado; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.