The export of musical instruments, parts, and accessories from the UAE has shown substantial growth from 2013 to 2023. In 2013, the value stood at approximately 16.882 million USD, and by 2023, it had increased significantly to 72.864 million USD. Key fluctuations include a massive increase between 2016 and 2017 and a slight decline in 2018. From 2019 onwards, the growth stabilized, displaying smaller year-on-year variations.
Examining recent trends, the year-on-year variation in 2022 was 2.79%, and in 2023 it was 2.66%. The CAGR over the last five years (2018-2023) is about 2.01%. Forecasts suggest that exports will continue to grow moderately, with an expected CAGR of approximately 2% over the next five years, reaching 82.726 million USD by 2028.
Future trends to watch for include increased international demand, potential diversification of markets, and the impact of technological advancements in the manufacturing of musical instruments. Keeping an eye on trade policies and economic conditions globally will also be crucial in anticipating the future trajectory of UAE’s musical instrument exports.
