The export of adhesives based on rubber or plastic from the UAE has shown variable trends over the past decade. In 2023, the volume stood at 6.3119 million kilograms, representing a notable increase from the earlier years. The year-on-year changes illustrate significant fluctuations, including sharp rises like the 92.64% increase in 2014, and substantial declines such as the -31.31% decrease in 2015. Despite these volatility, there has been a general upward growth trajectory.
Recent variations over the last two years indicate a steady increase, with a 7.33% rise in 2022 and a 1.88% increase in 2023, reflecting a stabilizing trend. The Compound Annual Growth Rate (CAGR) over the past five years stands at 2.05%, which suggests moderate growth.
Future forecasts predict a continued gradual rise, with an expected CAGR of 1.47% from 2024 to 2028 and an overall growth rate of 7.56% by 2028.
Key future trends to watch for include:
- Potential market expansion in neighboring regions.
- Technological advancements in adhesive formulations.
- Shifts in global trade policies impacting export dynamics.
