The import of furniture parts to the UAE was $115.600 million in 2023. The forecasted data from 2024 to 2028 shows a significant downward trend. The import value is expected to decline from $92.697 million in 2024 to $37.218 million in 2028. This represents a year-on-year decline of approximately -15% in 2025, -18% in 2026, -21% in 2027, and -27% in 2028. The Compound Annual Growth Rate (CAGR) over this five-year period is roughly -21%.
Future trends to watch for:
- Potential shifts in the global supply chain affecting import dynamics.
- Emerging local manufacturing capabilities within the UAE that could reduce dependency on imports.
- Economic policies or trade agreements that could impact import costs or tariffs.
- Consumer demand fluctuations driven by changes in economic conditions or preferences.