Analyzing the export data for gas turbine engines from the UAE, in 2023, the value stood at $1,814.6 million. The series of actual data from 2013 to 2023 shows fluctuating trends with significant spikes and declines. Notably, there were substantial increases in 2014 (33.89%) and 2017 (62.83%), but also notable decreases in 2015 (-33.28%) and 2020 (-14%). The year-on-year growth for 2023 was 3.07%. The CAGR from 2018 to 2023 was 3.67%.

Looking ahead, the forecast data suggests a modest but steady growth. By 2028, the value is expected to reach $2,097.1 million, with a forecasted 5-year CAGR of 2.28% and an overall 5-year growth rate of 11.91%. Key trends to monitor include technological advancements in gas turbine efficiency, changes in global energy demand, and the geopolitical factors that may affect trade policies and economic stability.

Future trends to watch for: