Market forecast for tableware in the UAE 2024-2030: trends, competition, volume, size, revenue, growth, analysis.

Dublin, April 25, 2024 - The report "Trends, Market Share, Value, Size, Outlook, Revenue, Growth, Analysis, Industry, Market Segmentation of the UAE by Product Type, Application, Distribution Channels, and Competitive Environment" has been added to the offering of ResearchAndMarkets.com. The market size for tableware in the UAE is expected to grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2030. The growth of the tableware market in the UAE is driven by the need for replacement, especially considering that the market is at a pre-mature stage, as tableware naturally wears out over time, and consumers are seeking new products, thereby stimulating market growth.

In addition, an increase in the number of new hotels in Dubai from 577 in 2022 (Q1) to 814 in 2023 (Q1) to cater to the growing tourism in Dubai and across the country has contributed to this growth. Currently, the tableware market in the UAE (in 2023) indicates a Girfindahl XXI index of 3,523, a slight increase from an index of 2,850 in 2017. The market is moving toward concentration. The Hirschman Index measures the competitiveness of exporting countries.

In addition, current residential real estate development projects in the UAE, such as Sobha Hartland II, Sobha One, Casa Damac Tower, Safa Two, Canal Crown, Damac Bay Cavalli, and others, are expected to further drive demand for dishware in the country in the coming years, as new households will be purchasing new and modular dishware.

An assessment of the export potential of tableware to the UAE (in thousands of US dollars) indicates that for tableware exporters, the US seems to be the most attractive market (in 2028) in terms of export potential, followed by Egypt, the UK, Kuwait, and Japan. However, considering the overall import demand across all countries, Thailand holds a leading position. Therefore, taking into account the overall import demand, Thailand leads in import needs, but with the UAE as a partner, the US offers a high potential for unmet demand compared to other countries for the year 2028.

The tableware market in the UAE has experienced growth in recent years due to an average population increase of 0.8% and urbanization growth of 1.12% in 2021 compared to 2020, as well as a 1.09% increase in 2022 compared to 2021. Moreover, the revival of the tourism sector, with 7.28 million tourists in 2021 rising to 12.4 million tourists by the third quarter of 2023, has contributed to the growth of the tableware industry to meet the food and beverage needs of the increased number of tourists, which requires the expansion of kitchens with more modular tableware.

In addition, the Dubai government's initiative "Social Agenda No. 33," with a budget of $56.63 billion, aims to double the number of Emirati citizens by 2033. This significant population growth is expected to stimulate the market during the forecast period due to the increasing demand for household items for a larger number of family members and new additions to families.