In 2023, the UAE imported 126.38 million kilograms of photosensitive, photovoltaic, and LED semiconductor devices. From 2024 onwards, the import volume is forecasted to rise progressively, reaching 134.18 million kilograms in 2024, 141.83 million kilograms in 2025, 149.32 million kilograms in 2026, and 156.66 million kilograms in 2027.
The year-on-year variation indicates a consistent growth trend:
- From 2023 to 2024: approximately 6.2% increase
- From 2024 to 2025: roughly 5.7% growth
- From 2025 to 2026: around 5.3% rise
- From 2026 to 2027: about 4.9% increase
The compound annual growth rate (CAGR) over these five years signifies an average annual increase of approximately 5.7%.
Future trends to watch include advancements in semiconductor technology, potential shifts in global trade policies, and the growing demand for renewable energy solutions which could further drive the need for photovoltaic devices.
