The import of trucks with lifting equipment to the UAE has seen significant fluctuations over the past decade. Starting with a peak in 2014, followed by a slight decrease in 2015, 2016 saw a marginal drop. This trend continued with notable declines up to 2020. There was a recovery in 2021 and slight increases in 2022, but in 2023, the upward trend slightly reversed with a -1.82% year-on-year change, standing at 118.06 million USD. The cumulative average growth rate (CAGR) over the last five years up to 2023 was -0.91%, indicating a general decline. Forecasts suggest a continued decrease with a CAGR of -1.61%, leading to the import value reducing by approximately 7.78% by 2028.
Future trends to watch for include potential shifts in regulatory environments, changes in oil prices affecting transportation costs, advancements in lifting technologies, and the UAE's ongoing infrastructure projects influencing demand for such equipment.
