UAE chicken meat imports are forecast to increase in 2024 as domestic production expansion is unable to fulfill rising demand. Brazilโs market share is expected to continue to grow. Production is forecast to rise – spurred by improved margins on higher retail prices and lower feed prices. Consumption is forecast higher in 2024 on continuing post-COVID economic recovery.
With a gross domestic product of $536.83 billion and projected growth of 4.2 percent in 2024, the United Arab Emirates (UAE) ranks as the second largest economy in the Arab world, with substantial consumer spending driven by high per capita income. Notably, it is the second largest export market for U.S. agricultural products in the Middle East and North Africa. In 2023, U.S. exports of agricultural and agricultural related products to the UAE reached $1.33 billion, a 3.8 percent increase over 2022. More than 75 percent of the increase came in consumer-oriented goods. The UAE’s efforts to diversify economically has resulted in a resilient economy, less reliance on oil revenues, and more focus on sectors like tourism, retail, and technology. As a major regional trade hub, bolstered by favorable trade agreements and modern infrastructure, the UAE has positioned itself as a leading re-export hub.
