Bahrain: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2024

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Bahrain

The Bahraini market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground soared to $X in 2022, with an increase of 69% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a significant increase. Consumption of peaked in 2022 and is likely to continue growth in the near future.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports from Bahrain

In 2022, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Bahrain declined sharply to X square meters, with a decrease of -98% compared with the previous year's figure. In general, exports saw a drastic downturn. The growth pace was the most rapid in 2013 when exports increased by 15,004%. As a result, the exports reached the peak of X square meters. From 2014 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground contracted notably to $X in 2022. Overall, exports faced a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of 13,661%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Saudi Arabia (X square meters) was the main destination for exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Bahrain, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia amounted to +9.6%.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exports from Bahrain.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to +15.3%.

Export Prices by Country

In 2022, the average export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground amounted to $X per square meter, increasing by 19% against the previous year. In general, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by +72.9% against 2017 indices. The pace of growth was the most pronounced in 2015 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +5.2% per year.

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports into Bahrain

In 2022, approx. X square meters of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground were imported into Bahrain; rising by 41% on the previous year. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 335% against the previous year. Over the period under review, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground skyrocketed to $X in 2022. Over the period under review, imports saw a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of 351% against the previous year. Over the period under review, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

The United Arab Emirates (X square meters), Malaysia (X square meters) and Egypt (X square meters) were the main suppliers of imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Bahrain, with a combined 91% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +74.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Malaysia ($X) and Egypt ($X) constituted the largest float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground suppliers to Bahrain, together comprising 91% of total imports.

Malaysia, with a CAGR of +81.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground stood at $X per square meter in 2022, increasing by 24% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by +73.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 40%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Saudi Arabia ($X per square meter) and the United Arab Emirates ($X per square meter), while the price for the United States ($X per square meter) and China ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform