The United Arab Emirates (UAE) has shown substantial growth in the export of hair preparations from 2013 to 2023. In 2013, the export value stood at $133.84 million, and by 2023, it had surged to $542.23 million. This represents a significant increase, with particularly notable jumps seen in 2017 and 2018. The most recent year-on-year variation from 2021 to 2023 showed moderate increases, with 4.08% for 2022 and 3.84% for 2023. The 5-year CAGR from 2017 to 2023 is recorded at 1.02%.
Forecasted data from 2024 to 2028 suggest a continuing upward trend, with an anticipated increase to $636.64 million by 2028. The forecasted 5-year CAGR is 2.53%, showing an average growth rate of 13.3% over this period.
Future trends to watch for:
- Continuous innovation in hair preparation products driving export growth.
- Potential market expansion into new regions as UAE strengthens international trade relationships.
- Impact of global economic conditions and trade policies on export dynamics.
