Based on the data from 2023, the import of parts for spark-ignition aircraft engines to the UAE stood higher than in 2024. The forecasted values indicate a consecutive decline from 2024 to 2028. Notably, the import value is expected to decrease progressively over this period, from $32.311 million in 2024 to $23.946 million in 2028.
The year-on-year variations are as follows:
• From 2024 to 2025, there is an expected decrease in the import value by approximately 6.67%.
• From 2025 to 2026, the forecast suggests a further decline of about 7.00%.
• From 2026 to 2027, another decrease of roughly 7.39% is anticipated.
• From 2027 to 2028, projections indicate a decline of around 7.80%.
The CAGR over the five-year forecast period from 2024 to 2028 demonstrates an average annual reduction in import values by approximately 7.1%.
Future trends to watch for include changes in global aviation market dynamics, technological advancements in aircraft engine parts, and potential shifts in UAE's aerospace procurement strategies. Additionally, factors such as global economic conditions and geopolitical developments could influence the forecasted import values significantly.
