Between 2013 and 2023, the import value of lamps and lighting fittings to the UAE fluctuated significantly, showing an overall upward trend. The value increased from $477.09 million in 2013 to $700.89 million in 2023. There was notable volatility, with years like 2014 and 2017 witnessing substantial increases of 18.47% and 21.87%, respectively. Conversely, 2020 saw a sharp decline of 15.87%. The last two years saw modest increases of 1.28% in 2022 and 1.24% in 2023.
Over the past five years, the compound annual growth rate (CAGR) averaged 1.52%, indicating a stable yet gradual increase. Forecasted data from 2024 to 2028 project a continued upward trajectory, with imports expected to reach $745.64 million by 2028, reflecting a 5-year forecasted CAGR of 0.98%.
Future trends to watch for include potential impacts of technological advancements in energy-efficient lighting solutions, changes in regulatory policies, and economic factors affecting construction and infrastructure projects which could influence the demand for lighting fittings in the UAE.
