GCC: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in GCC

The GCC glass in the mass market soared to $X in 2022, jumping by 43% against the previous year. The total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Glass in The Mass in GCC

In value terms, glass in the mass production soared to $X in 2022 estimated in export price. In general, production, however, showed mild growth. The most prominent rate of growth was recorded in 2013 with an increase of 60%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Glass in The Mass

Exports in GCC

In 2022, approx. X tons of glass in the mass were exported in GCC; declining by -49.3% against the previous year. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 186%. Over the period under review, the glass in mass exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass in the mass exports shrank remarkably to $X in 2022. Overall, exports saw a slight setback. The growth pace was the most rapid in 2013 when exports increased by 237% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, the United Arab Emirates (X tons) represented the largest exporter of glass in the mass, comprising 56% of total exports. Oman (X tons) ranks second in terms of the total exports with a 17% share, followed by Bahrain (14%) and Saudi Arabia (13%).

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of glass in the mass. At the same time, Bahrain (+42.1%) and Oman (+13.9%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of +42.1% from 2012-2022. By contrast, Saudi Arabia (-11.8%) illustrated a downward trend over the same period. Bahrain (+14 p.p.), Oman (+13 p.p.) and the United Arab Emirates (+3.2 p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by -29.5% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) remains the largest glass in the mass supplier in GCC, comprising 68% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 15% share of total exports. It was followed by Bahrain, with a 12% share.

In the United Arab Emirates, glass in the mass exports increased at an average annual rate of +9.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (-13.2% per year) and Bahrain (+27.1% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, jumping by 34% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 57% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+9.6%), while the other leaders experienced a decline in the export price figures.

Imports of Glass in The Mass

Imports in GCC

Glass in the mass imports was estimated at X tons in 2022, picking up by 6.5% on the year before. Total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.7% against 2020 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 53% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, glass in the mass imports amounted to $X in 2022. Total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -8.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 86%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the key importer of glass in the mass in GCC, with the volume of imports amounting to X tons, which was near 87% of total imports in 2022. It was distantly followed by Oman (X tons), comprising a 10% share of total imports. Kuwait (X tons) took a relatively small share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the glass in the mass imports, with a CAGR of +16.1% from 2012 to 2022. At the same time, Oman (+1.3%) displayed positive paces of growth. By contrast, Kuwait (-14.8%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+61 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Oman (-1.6 p.p.) and Kuwait (-12.5 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported glass in the mass in GCC, comprising 84% of total imports. The second position in the ranking was held by Oman ($X), with a 12% share of total imports.

In the United Arab Emirates, glass in the mass imports increased at an average annual rate of +11.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Oman (-6.3% per year) and Kuwait (-14.5% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, remaining stable against the previous year. In general, the import price showed a slight decrease. The most prominent rate of growth was recorded in 2015 an increase of 104% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Oman ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform