GCC: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in GCC

The GCC market for drawn glass and blown glass declined to $X in 2021, which is down by -8.2% against the previous year. The total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -41.2% against 2015 indices. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Drawn Glass And Blown Glass in GCC

In value terms, drawn glass and blown glass production stood at $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 55% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Exports of Drawn Glass And Blown Glass

Exports in GCC

In 2021, overseas shipments of drawn glass and blown glass were finally on the rise to reach X square meters after two years of decline. In general, exports, however, faced a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of 52%. The volume of export peaked at X square meters in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, drawn glass and blown glass exports rose markedly to $X in 2021. Over the period under review, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 21% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia dominates exports structure, finishing at X square meters, which was near 95% of total exports in 2021. It was distantly followed by the United Arab Emirates (X square meters), making up a 4.6% share of total exports.

Exports from Saudi Arabia decreased at an average annual rate of -10.1% from 2012 to 2021. The United Arab Emirates (-9.2%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest drawn glass and blown glass supplier in GCC, comprising 95% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 4.3% share of total exports.

In Saudi Arabia, drawn glass and blown glass exports decreased by an average annual rate of -5.9% over the period from 2012-2021.

Export Prices by Country

The export price in GCC stood at $X per square meter in 2021, reducing by -7.8% against the previous year. Export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, drawn glass and blown glass export price increased by +30.7% against 2018 indices. The growth pace was the most rapid in 2015 an increase of 41% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2016 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per square meter), while the United Arab Emirates amounted to $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+4.7%).

Imports of Drawn Glass And Blown Glass

Imports in GCC

In 2021, overseas purchases of drawn glass and blown glass decreased by -54.4% to X square meters, falling for the fourth year in a row after six years of growth. In general, imports saw a slight setback. The most prominent rate of growth was recorded in 2017 with an increase of 69%. As a result, imports attained the peak of X square meters. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, drawn glass and blown glass imports dropped markedly to $X in 2021. Over the period under review, imports showed a deep contraction. The pace of growth was the most pronounced in 2014 when imports increased by 25% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Kuwait (X square meters) represented the major importer of drawn glass and blown glass, committing 74% of total imports. Bahrain (X square meters) ranks second in terms of the total imports with an 11% share, followed by the United Arab Emirates (6.7%) and Qatar (5%). Oman (X square meters) held a relatively small share of total imports.

Kuwait was also the fastest-growing in terms of the drawn glass and blown glass imports, with a CAGR of +38.7% from 2012 to 2021. Bahrain experienced a relatively flat trend pattern. the United Arab Emirates (-10.0%), Oman (-17.1%) and Qatar (-25.4%) illustrated a downward trend over the same period. Kuwait (+71 p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates, Oman and Qatar saw its share reduced by -8.1%, -9.5% and -54.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kuwait ($X), Bahrain ($X) and Qatar ($X) were the countries with the highest levels of imports in 2021, together comprising 80% of total imports.

Among the main importing countries, Kuwait, with a CAGR of +32.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in GCC amounted to $X per square meter, surging by 45% against the previous year. In general, the import price, however, saw a deep downturn. The level of import peaked at $X per square meter in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Oman ($X per square meter), while Kuwait ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+30.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform