The import of Vinyl Polymers and Halogenated Olefins to the UAE stood at 1.7336 million kilograms in 2023. Over the period from 2013 to 2023, this market exhibited fluctuating dynamics. Initially, the market experienced robust growth with the highest year-on-year increase of 13.56% in 2013, followed by a moderate 5.99% in 2014 and 8.95% in 2015. However, the trend shifted dramatically in 2016 with a steep decline of 32.87%, resulting in a continued decrease over the years with slight recoveries in specific periods. The overall 5-year CAGR from 2013 to 2017 was -3.45%, shifting to an average annual decline over the last five years with a CAGR of -3.82%. The year-on-year variation for the last two years before 2024 was -2.3% in 2022 and -7.58% in 2023.
Looking at future trends, the forecast indicates a continued decline in imports with a negative 5-year forecast CAGR of -8.91%, forecasting a drop to 0.98449 million kilograms by 2028. Key points to watch for include potential market saturation, shifts in local production capabilities, changes in industrial demand, and broader economic factors that could further impact import volumes.
