Gulfood 2022: UAE’s F&B Exchange Crosses $20bn from January-September 2021
Ten business sectors represented around 66% of the UAE’s absolute F&B trades, with Saudi Arabia positioning first with a portion of 17%
The food and drink exchange the UAE crossed $20bn in the initial nine months of 2021, as per another examination from Dubai Chamber of Commerce. Imports represented the biggest portion of the UAE’s F&B exchange during January-September 2021 period, adding up to $12.8bn.Exports represented $4.1bn while re-sends out added up to $3.3bn. Additionally, from 2011 to 2020, the UAE’s F&B imports, products and yet again sends out developed at a CAGR of 0.6 percent, 7.5 percent and 6 percent, separately. India was the UAE’s top F&B exchanging accomplice the initial nine months of 2021. India represented 12% of the UAE’s complete F&B exchange esteem. It was trailed by the US (7%) Brazil (6%) Australia (5%), Canada (5%) and Saudi Arabia (5%).
Imported leafy foods represented the biggest extent of the UAE’s imports at 13%, trailed by meat (11%) dairy items (10%) and oilseeds (7%).
The discoveries of the UAE’s F&B exchange depended on information got from the country’s Federal Competitiveness and Statistical Center (FCSC), and were delivered during an instructions facilitated by Dubai Chamber of Commerce uninvolved of the continuous Gulfood 2022 occasion in Dubai.
Ten business sectors represented around 66% of the UAE’s absolute F&B sends out from January-September 2021, with Saudi Arabia positioning first in this class with a portion of 17%, trailed by Oman (9%), Kuwait (8%) and China (5%).
As per FCSC, in 2021 (Q1-Q3) the main 10 item bunches represented around 76% of UAE’s F&B imports from the world. Leafy foods took the biggest portion of 13%, trailed by meat (11%), dairy (10%), oil seeds (7%), oats (7%) and other eatable food items (6%).
In May last year, Sheik Mohammed receptacle Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, sent off the primary period of the Food Tech Valley in Dubai. The drive looks to significantly increase the UAE’s food creation and will incorporate a shrewd food coordinated factors center, R&D offices as well as agrarian innovation and designing labs.