F&B trade in UAE exceeds $20 bn in first nine months of 2021: Dubai Chamber

F&B trade in UAE exceeds $20 bn in first nine months of 2021: Dubai Chamber

WAM: Food and beverage trade in the UAE increased steadily to reach over $20 billion in the first nine months of 2021, supported by growing demand and expanded efforts to enhance food security and diversify food imports, A new analysis from Dubai Chamber of Commerce shows.

Imports accounted for the largest share of the UAE’s F&B trade during January-September 2021 period, or $12.8 billion, followed by exports ($4.1 billion) and re-exports ($3.3 billion). Moreover, from 2011 to 2020, the UAE’s F&B imports, exports and re-exports grew at a CAGR of 0.6%, 7.5% and 6.0%, respectively.

The findings, based on data from the Federal Competitiveness and Statistical Center (FCSC) of the UAE, were released during a briefing hosted by Dubai Chamber of Commerce on the sidelines of Gulfood 2022 in Dubai. The event was attended by Saleh Abdullah Lootah, Chairman of the UAE Food and Beverage Manufacturers Group, and 200 participants from 48 countries.