Iran, Cuba and elsewhere: the turning point in diplomatic relations with many countries opens up tantalizing scenarios for exports. And some other markets already served could become a land of conquest for Italian products in the next 16 months. The UAE imports are around 90% of food and food finished. Therefore, they represent a country that is particularly interesting for Italian companies. They have the advantage of being able to offer products that the market recognizes as excellent products because they come from local and regional areas. Made in Italy means indeed high quality and refined taste.
According to EGO International Group Research Department: “Imports of the UAE in the food sector will rise to 5.5 billion dollars in 2016, and could reach 10 billions by 2020.”The import is expected to grow for a number of factors, including population growth, the strong demand for products imported by foreigners living in the country, the significant expansion of the tourism industry and the high number of new hotels and resorts. The Horeca industry is the country’s market and it is very profitable: there are more than 11,000 catering operations, of which more than 4,000 in Dubai and Abu Dhabi.
Good news also for Italian exports to the UAE: statistics data (on food, beverage, agricultural, fisheries, forestry) affirm Italian exports grew by 47.5% from 2013 to 2014, rising from 135 million euro to 199 million euro, continuing with a positive trend in 2015.The finished food product most imported in the UAE are the dough, italian pasta and cheese, while talking about Italian UAE imports the fruit and vegetable sector (tropical food as kiwi, ananas and papaya) is the one that has positive results.