The import of mechanical pulps of other fibrous material to the UAE stood at 106.43 thousand kilograms in 2023. Historical data from 2013 to 2023 shows fluctuating volumes with an overall declining trend post-2015. Year-on-year variations highlight significant declines, particularly a 21.72% decrease in 2020, a rebound in 2021 by 13.37%, followed by consecutive drops of 6.15% in 2022 and 6.42% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years was -5.05%, underscoring the downturn.
Looking ahead, the forecasted import volume continues to decline, with the volume expected to reduce significantly by 2028. The five-year forecast CAGR is -7.05%, representing a 30.62% overall decrease from 2023 to 2028.
Future trends to watch for include:
- Technological advancements in local production capabilities could reduce dependency on imports.
- Changes in global trade policies and costs affecting the supply chain and import volume.
- Market demand fluctuations driven by economic dynamics and industry shifts within the UAE.