The import of polymers of propylene to the UAE experienced significant fluctuations from 2013 to 2023. The highest value was recorded in 2014, followed by a sharp decline over the next two years. A notable rebound occurred in 2017, followed by varying trends until a slight dip in 2023. In 2023, the import value stood at 221.43 million USD. The year-on-year variations showcased substantial volatility, reflecting shifts in market demand and global trade dynamics. The compound annual growth rate (CAGR) over the last five years averaged at -1.98%.
Looking ahead, forecast data from 2024 to 2028 suggests a gradual decline with an annual average of -0.65%. Future trends to monitor include potential impacts of global supply chain adjustments, technological advancements in polymer production, and shifts in regional trade policies.
