United Arab Emirates: Canned Food Market 2024

Canned Food Market Size in the United Arab Emirates

The canned food market in the United Arab Emirates skyrocketed to $X in 2021, with an increase of 17% against the previous year. Over the period under review, consumption saw a remarkable increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Canned Food Production in the United Arab Emirates

In value terms, canned food production totaled $X in 2021 estimated in export price. Overall, production, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 134% against the previous year. Canned food production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Canned Food Exports

Exports from the United Arab Emirates

After two years of growth, overseas shipments of canned food decreased by -22.8% to X tons in 2021. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when exports increased by 21% against the previous year. The exports peaked at X tons in 2020, and then fell remarkably in the following year.

In value terms, canned food exports dropped rapidly to $X in 2021. In general, exports, however, recorded a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 57%. The exports peaked at $X in 2020, and then shrank rapidly in the following year.

Exports by Country

Lebanon (X tons), the United States (X tons) and Jordan (X tons) were the main destinations of canned food exports from the United Arab Emirates, with a combined 19% share of total exports. Hong Kong SAR, Australia, the UK, Singapore, Canada, France and Gambia lagged somewhat behind, together accounting for a further 6%.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +79.1%), while the other leaders experienced more modest paces of growth.

In value terms, Lebanon ($X), Jordan ($X) and the United States ($X) constituted the largest markets for canned food exported from the United Arab Emirates worldwide, together comprising 24% of total exports. These countries were followed by Singapore, Hong Kong SAR, Australia, the UK, Canada, France and Gambia, which together accounted for a further 3.8%.

Among the main countries of destination, Singapore, with a CAGR of +90.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average canned food export price amounted to $X per ton, declining by -3.9% against the previous year. Over the period under review, the export price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2013 an increase of 50%. The export price peaked at $X per ton in 2018; however, from 2019 to 2020, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Singapore ($X per ton), while the average price for exports to Gambia ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Food Imports

Imports into the United Arab Emirates

In 2021, purchases abroad of canned food increased by 4.1% to X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 19% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, canned food imports fell to $X in 2021. The total import value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 18%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Italy (X tons), Thailand (X tons) and China (X tons) were the main suppliers of canned food imports to the United Arab Emirates, together comprising 37% of total imports. These countries were followed by Turkey, Spain, India, the UK, the United States, the Netherlands, Malaysia, Egypt, Jordan and France, which together accounted for a further 40%.

From 2012 to 2020, the biggest increases were recorded for France (with a CAGR of +11.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the United States ($X) and Thailand ($X) constituted the largest canned food suppliers to the United Arab Emirates, together comprising 24% of total imports. The UK, China, Italy, Malaysia, Jordan, Turkey, France, Spain, India and Egypt lagged somewhat behind, together accounting for a further 43%.

France, with a CAGR of +14.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average canned food import price stood at $X per ton in 2020, growing by 14% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of +1.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the Netherlands ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the United States (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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