Between 2013 and 2023, the import of drawn or blown glass in sheets to the UAE has shown significant fluctuations. From 2013 to 2016, there was a gradual decrease, followed by a sharp drop in 2017. The market partially recovered in 2018 but has been on a general downward trend since then. By 2023, the value stood at 3.5371 Million US Dollars, reflecting a -3.72% year-on-year variation and a 5-year CAGR of -3.57%.
Future trends to watch for include:
- Continuous decline is forecasted, with the value expected to reach 2.8241 Million US Dollars by 2028, implying a consistent market contraction.
- Potential shifts in market dynamics due to changes in import regulations or rising local production.
- The impact of sustainability trends and technological advancements influencing the demand and supply of glass sheets.