Weapons imports in the UAE have shown a fluctuating trend over the past decade. The actual data from 2013 to 2023 indicates significant volatility, peaking in 2013 at 2.281 billion USD and hitting a low in 2021 at 0.508 billion USD. Year-on-year variations reveal high amplitude with a significant drop from 2013 to 2014 by -67.86% and a resonant increase in 2015 by 60.85%. The average CAGR over the last five years ending 2023 is -10.03%, reflecting a downward trend.
In 2023, the value stood at 0.66966 billion USD, showing a minor decline of -1.67% year-on-year from 2022. The forecasted data from 2024 to 2028 predicts a more stable increase with a forecast 5-year CAGR of 1.94%, expecting the value to reach 0.75681 billion USD by 2028.
Future trends to watch include the geopolitical landscape, defense policies, and regional security concerns, which can impact the UAE's strategic defense procurement and spending. Technological advancements and partnerships within the global defense industry could also play a significant role in shaping future import trends.
