MENA: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in MENA

The MENA's market for drawn glass and blown glass contracted to $X in 2021, waning by -3.8% against the previous year. The market value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020, and then contracted slightly in the following year.

Production of Drawn Glass And Blown Glass in MENA

In value terms, drawn glass and blown glass production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 23% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Drawn Glass And Blown Glass

Exports in MENA

In 2021, overseas shipments of drawn glass and blown glass decreased by -18.2% to X square meters, falling for the fourth consecutive year after two years of growth. Overall, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2017 with an increase of 46%. The volume of export peaked at X square meters in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, drawn glass and blown glass exports shrank to $X in 2021. Over the period under review, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 14% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Saudi Arabia (X square meters) represented the key exporter of drawn glass and blown glass, generating 65% of total exports. Iran (X square meters) held the second position in the ranking, distantly followed by Turkey (X square meters). All these countries together took approx. 30% share of total exports. The United Arab Emirates (X square meters) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to drawn glass and blown glass exports from Saudi Arabia stood at -10.1%. Turkey (-1.5%), the United Arab Emirates (-9.2%) and Iran (-19.2%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+17 p.p.) and Turkey (+4.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Iran (-21.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest drawn glass and blown glass supplier in MENA, comprising 87% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 3.9% share of total exports. It was followed by Turkey, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value in Saudi Arabia stood at -5.9%. In the other countries, the average annual rates were as follows: the United Arab Emirates (-15.0% per year) and Turkey (-7.9% per year).

Export Prices by Country

The export price in MENA stood at $X per square meter in 2021, surging by 21% against the previous year. Export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.0% 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 +81.6% against 2017 indices. The most prominent rate of growth was recorded in 2015 an increase of 44% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per square meter), while Iran ($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 Saudi Arabia (+4.7%), while the other leaders experienced a decline in the export price figures.

Imports of Drawn Glass And Blown Glass

Imports in MENA

In 2021, overseas purchases of drawn glass and blown glass decreased by -22% to X square meters, falling for the third consecutive year after two years of growth. In general, imports saw a noticeable slump. The pace of growth was the most pronounced in 2014 with an increase of 48% against the previous year. The volume of import peaked at X square meters in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, drawn glass and blown glass imports declined rapidly to $X in 2021. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 34% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey was the main importer of drawn glass and blown glass in MENA, with the volume of imports accounting for X square meters, which was approx. 51% of total imports in 2021. It was distantly followed by Kuwait (X square meters) and Egypt (X square meters), together comprising a 35% share of total imports. Bahrain (X square meters), the United Arab Emirates (X square meters) and Qatar (X square meters) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kuwait (with a CAGR of +38.7%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest drawn glass and blown glass importing markets in MENA were Kuwait ($X), Egypt ($X) and Bahrain ($X), with a combined 55% share of total imports.

Kuwait, with a CAGR of +32.7%, saw the highest growth rate of the value of imports, among the main importing countries 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 MENA amounted to $X per square meter, picking up by 5.8% against the previous year. Overall, the import price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of 21% against the previous year. The level of import peaked at $X per square meter in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bahrain ($X per square meter), while Turkey ($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 Egypt (+18.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform