In 2023, the import value of laboratory, hygienic, or pharmaceutical glassware to the UAE stood at a noteworthy level, indicating robust market demand. From 2024 onward, the import value is forecasted to rise steadily, reaching 7.7345 million USD by 2028. This steady growth reflects an average year-on-year increase in the range of 1.77% to 2.09% over the forecast period.
Key points of analysis include:
- A consistent upward trend in import values from 2024 through 2028, highlighting sustained demand.
- The compounding annual growth rate (CAGR) for the period 2024-2028 stands at approximately 1.74%, indicating moderate, yet steady growth.
Future trends to watch for include potential advancements in healthcare infrastructure in the UAE, driving further demand for pharmaceutical glassware. Additionally, trends in global trade policies and technological improvements in glassware manufacturing could impact import volumes and values.