Forecast: Import of Parts and Accessories for Motor Vehicles to the UAE

The UAE's import of motor vehicle parts and accessories illustrates fluctuating trends over the past decade, with notable peaks and troughs between 2013 and 2023. In 2023, the import value stood at approximately $2.7366 billion. Key year-on-year variations show significant volatility, such as a 60.33% increase in 2017 and a 17.01% drop in 2020. However, recent years indicate stabilization; 2022 saw a 5.25% increase, while 2023 experienced a marginal drop of -0.0077%. The 5-year CAGR leading up to 2023 was around 0.025%.

Looking forward, forecast data from 2024 to 2028 indicates a minor downtrend with a forecasted 5-year CAGR of 0.01% and an estimated overall growth rate of 0.03%.

Future Trends to Watch For:

• Emergence of new automotive technologies and their impact on import volumes.
• Economic factors influencing the automotive sector.
• Global supply chain changes and their effect on part availability.