Between 2013 and 2023, the UAE's imports of ships, boats, and other floating structures saw significant variations, with notable spikes in 2015 and 2016. The import value reached 770.18 Million USD in 2023. Over the last two years, the year-on-year variations were 2.59% and 2.47%. The compounded annual growth rate (CAGR) over the last five years up to 2023 was 5.2%. Moving forward, the forecast suggests a positive trend with an expected CAGR of 1.87% and an overall growth rate of 9.7% from 2024 to 2028.
Future trends to watch for:
- Potential impact of global economic conditions on import values.
- Technological advancements in marine structures and their effect on import demand.
- Regional policies and trade agreements influencing import dynamics.
- Environmental regulations potentially altering market requirements.