The import of starter motors to the UAE has shown fluctuations over the years. From 2013 to 2014, there was an increase by 23.08%, followed by decreases in 2015 and 2016. A significant rise occurred in 2017 with a 57.72% increase, but the trend reversed again with declines and minor increases observed up to 2023, which stood at 15.7 Million US Dollars. The last two years before 2024 saw minor decreases of approximately 1%. Over the last five years, the Compound Annual Growth Rate (CAGR) was -1.18%.
Looking forward, the forecasted data suggests a slight but steady decline, with a 5-year CAGR of -0.91% expected, culminating in a value of 14.824 Million US Dollars by 2028. This indicates a continuous but slow decline in the import values.
Future trends to watch for include possible technological advancements in starter motors leading to changes in demand, shifts in global automotive markets affecting trade, and economic factors within the UAE that could influence import volumes. Revisions in transport policies or regulations could also have an impact.
