"Dubai Chamber": Despite the challenges of logistical transport in the world during the "Corona" crisis
Online food and beverage trade will grow 255% in the UAE in 2020
The "Dubai Chamber" organized a business meeting on the sidelines of the "Gulfood 2021".
Archives
Hassan Al-Hashemi: "The (Covid-19) period showed Dubai's leadership in managing the crisis and maintaining the effectiveness of supply and distribution chains."
picture
The Dubai Chamber of Commerce and Industry expects that the value of electronic sales of food and beverages in the UAE in 2025 will reach about 2.27 billion dirhams ($ 619 million), with a compound annual growth of 8.5% during the period between 2020-2025.
It also expected that the compound annual growth of fresh food in the country during the same period would reach 5%, and canned food 3%, indicating that there are opportunities for investors in this vital sector in the UAE.
Dubai Chamber data revealed that the electronic retail trade for food and beverages in the UAE achieved a growth of 255% in 2020, compared to 2019, with sales reaching 1.51 billion dirhams ($ 412 million), compared with about 425.7 million dirhams (116). Million dollars) in 2019.
import and export
Chamber data showed that legumes accounted for 17% of the total food products imported by Dubai in 2020, followed by powdered milk powder by 14%, then rice 13%, sugar 9%, onions 7%, and potatoes 5%.
She revealed that sugar topped the list of the most products that Dubai re-exported to foreign markets in 2020, with 57% of Dubai's total re-exports to the world, followed by legumes by 13%, then dates 9%.
Crisis management
The Director of the International Relations Department at the "Dubai Chamber", Hassan Al-Hashemi, said that the "Covid-19" crisis showed Dubai's leadership in managing the crisis and maintaining the smooth and effective supply and distribution chains of food security, stressing that the Dubai model succeeded in the face of challenges and strengthened The emirate is a global food and beverage destination.
He said during a business meeting organized by the Dubai Chamber of Commerce and Industry at the Dubai World Trade Center, on the sidelines of the 26th edition of the Gulfood 2021 exhibition, that the trade and sales of food and beverages in the country achieved growth during the period of the Corona pandemic, despite the challenges of logistical transport in the world. Pointing out that electronic sales of food and beverages have tripled, making the electronic purchase of food the new normal in the post-"Covid-19" period.
Growth factors
Al-Hashemi expected the continued rapid growth of the food and beverage sector in Dubai, citing a number of factors that will drive growth in the future, most notably the intensity and continuity of the vaccination campaign against "Covid-19", the renewed and new business relations with new business partners, and the organization of the Expo 2020 exhibition. Dubai », and foreign direct investments in the food and beverage sector, in addition to unlimited government support for the country's food security strategy.
Al-Hashemi stressed the commitment of the Dubai Chamber to work on introducing investment opportunities in this sector, and to attract new investments in it from foreign markets, considering that the external offices of the Chamber, which are located in markets known for their abundance and quality of agricultural products, will play a major role in this field, and will promote Dubai as a future destination. Promising trade and food industries.
Al-Hashemi directed the participants in the Gulfood exhibition to call for investment in the food and beverage sector in Dubai, indicating that there are opportunities in the food industry of grains, vegetables and fruits, in addition to the possibility of investing in hydroponic and vertical crops, crops that tolerate heat and drought, in addition to food. And halal drinks, stressing that healthy and organic foods are also an important area of investment in the emirate.
6%
growth in fresh food sales
Dubai Chamber data revealed that sales of fresh food products in the country grew by 6% during 2020, compared to 2019, as sales recorded about 28.9 billion dirhams, while the growth in sales of canned food products reached 4% during the same year, recording 22 One billion dirhams.
The data showed that the most prominent market in Dubai in importing food and beverages during the year 2020, is India, from which Dubai imported 19% of the emirate’s total imports during the year, followed by New Zealand 13%, Pakistan 9%, then the United States 4%, and Egypt 4%, while Canada scored 4%.
Follow our latest local and sports news, and the latest political and economic developments via Google news