Uae market v1.1-2011 market study
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This document provides an overview of opportunities for trading agricultural products from India to the United Arab Emirates (UAE). It notes that the UAE, and especially Dubai, serves as a gateway to the Middle East due to its strategic location and well-established trade links. The document compares economic statistics of India and Dubai, finding Dubai's population and GDP to be much smaller but its GDP per capita to be around 50 times higher than India. It outlines key sectors for agricultural imports from India to the UAE and major Indian importers active in the UAE market. The advantages of the UAE's free trade zones and ease of trading are also summarized.
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Uae market v1.1-2011 market study
- 1. Scope of trading agricultural products to UAE By Devpriya 30/01/2011
- 2. Where is UAE? UAE and especially Dubai is considered a gateway into middle east
- 3. Why UAE? Strong government leadership In future we can Strategic location target these markets Large and well established trade links Regional economic growth and liberalization Opportunities for re-export to Middle east and Europe Accessibility Stability Open and free economic system World class infrastructure Low crime rate Strong local commercial tradition Extensive foreign trade network
- 4. Comparative analysis of UAE and India Parameters India Dubai Remarks Population 1.2 billions 4.3 million ~300 times less pop than India GDP $1.31 trillion $230 billion ~5 times less GDP GDP per capita $1,134 $50,070 ~ 50 times more purchasing power than india <1% UAE heavily reliant on imports Agriculture 17.2% contribution to GDP
- 5. Dubai as a trade and logistic hub
- 6. UAE as an Economy Breakup within the non-financial sector GDP~260 bil USD Agriculture, livestock and fishing Mining and Quarrying The Non financial sector Manufacturing industries Electricity, gas and water The Financial Corporations Sector Construction Wholesale, retail, trade Government Services Sector Restaurants and hotel Transports, storage and communication Real estate and business services Social and Personal Services 7% 4% 1% 1% 9% 2% 6% 41% 89% 17% 8% 13% 2%
- 7. Abu Dhabi is the key consumer GDP By Emirate 1% 7% 2% 1% 1% Abu Dhabi Dubai 32% Sharjah 56% Ajman Umm Al Quwain Ras Al Khimah Fujairah Abu Dhabi is by far the largest economy in UAE Dubai is the trading and logistics hub for middle east( more than 25 billion worth of goods pass through the dubais ports)
- 8. UAE Trade Statistics, 2008, in Billion Dollars 17 India Total 153 10 5 16 Imports Exports 44 Re-exports Source- Ministry of Economy, UAE
- 9. Imports from India Vegetable products imported from India is 3.26% LIVE ANIMALS AND THEIR PRODUCTS 1.55 0.51 3.26 1.66 2.03 VEGETABLE PRODUCTS 14.28 ANIMAL OR VEGETABLE FATS, OILS AND WAXES 4.71 FOODSTUFFS, BEVERAGES, SPIRITS AND TOBACCO 3.15 MINERAL PRODUCTS 7.87 21.29 PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES PLASTICS, RUBBER AND ARTICLES THEREOF 3.55 MISCELLANEOUS MANUFACTURED ARTICLES TEXTILES AND TEXTILE ARTICLES PEARLS, STONES, PRECIOUS METALS AND ITS ARTICLES 21.51 BASE METALS AND ARTICLES OF BASE METAL 14.62 MACHINERY, SOUND RECORDERS, REPRODUCERS AND PARTS VEHICLES OF TRANSPORT Source- Ministry of Economy, UAE
- 10. Vegetable products Imported from India VEGETABLE PLAITING MATERIALS & PRODUCTS N.E.S 0.002 LAC; GUMS, RESINS,VEGETABLE SAPS AND EXTRACTS 0.003 Value in Billion Dollars OIL SEEDS,INDUSTRIAL OR MEDICINAL PLANTS & FODDER PRODUCTS OF THE MILLING INDUSTRY 0.036 0.016 1.003 CEREALS 0.116 COFFEE, TEA, MATE AND SPICES 0.152 EDIBLE FRUITS, NUTS,PEEL OF CITRUS FRUIT & MELONS 0.108 EDIBLE VEGETABLES, CERTAIN ROOTS AND TUBERS LIVE TREES, PLANTS AND THEIR PARTS Our target market has a size of 5 billion USD 0.003 Source- Ministry of Economy, UAE
- 11. Some Indian importers to UAE Swati Enterprise Sri Raghava Exports & Imports Usha Agro Pvt. Ltd Royal Exports and Imports Cowboy Enterprise Living & Leaving Green Footprints Leelchand knitwear Dbd Exports Xion Importers and Exporters 7 OCEANS CORP James Andrew Newton Art Exports Pvt Ltd Swasthik International Nature Exports P.P.Links Enterprise Sai Prasad Foods Ltd Five Star Internatlonal Jaya Traders Vasundara sales corporation TRADELINK INTERNATIONAL,india Alfa Dehydration (India) Ltd. The Kerala Agricultural Development Society(KADS) Unique Enterprises K. B. Propducts Pvt. Ltd. Balram Vegetable Company M/s JTS International Treasure Movers (Export & Import) Jay Prathaapvin Exports & Imports Jayaram Enterprises Fresh Frozen Foods PRP Imports & Exports V4enterprises Vatavruksha Krushi Abhiyaan Pvt Ltd Sri Krishna Export Traders Deepam Exports Indian Tropical Agro Products P Ltd Edge India Agrotech Omega Overseas Vishaka Farms Rkxports Ashoka Oil Industries
- 12. Advantages of UAE free zones 100% foreign ownership 100% corporate and personal tax exemption 100% repatriation of capital and profits 100% commercial levies and service charge exemption 100% export and import duty exemption 100% expatriates workers/staff allowed 100% of control of your business at all times
- 13. Ease of trading in UAE For new-to-market products, you are strongly encouraged to have your labels and products precleared and registered with local authorities. Many firms are based in free trade zones, improves flexibility for trading around the region. TAX FREE economy Exclusive agency agreements no longer legally enforced for nearly all food products, but distributors tend to expect a degree of exclusivity, may seek contract. Culturally, the food import business community is dominated by South Asians and Lebanese.
- 14. Doing business Distributors dominate Some of the larger retailers are sourcing directly. Most importers prefer to avoid the cost of letters of credit. Relationships are key. Typical distributor mark-up is 25 percent, typical retail is 15 percent. Warehousing and real estate major cost factors.