In 2023, the import value of wired float glass in sheets to the UAE was at a certain baseline. For 2024, the forecasted import value is $222.96 thousand, showing a decline of approximately -10% compared to the previous year. This downward trend continues, with the values forecasted to decrease to $200.76 thousand in 2025 (-10%), $179.0 thousand in 2026 (-10%), $157.68 thousand in 2027 (-12%), and finally $136.78 thousand in 2028 (-13%). The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 indicates an average annual decline of around -11%.
Future trends to watch for:
- Potential increase in local manufacturing capacity, reducing dependency on imports.
- Fluctuations in global glass prices and supply chain dynamics.
- Environmental regulations impacting production and import logistics.