MENA: Market for Float Glass And Surface Ground or Polished Glass 2024

Market Size for Float Glass And Surface Ground or Polished Glass in MENA

The MENA's market for float glass and surface ground or polished glass expanded to $X in 2022, with an increase of X% against the previous year. The total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2015 indices. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in years to come.

Production of Float Glass And Surface Ground or Polished Glass in MENA

In value terms, production of float glass and surface ground or polished glass stood at $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production of hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Exports of Float Glass And Surface Ground or Polished Glass

Exports in MENA

In 2022, the amount of float glass and surface ground or polished glass exported in MENA declined slightly to X square meters, which is down by X% compared with the previous year. Total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked at X square meters in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of float glass and surface ground or polished glass rose rapidly to $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

The shipments of the six major exporters of float glass and surface ground or polished glass, namely Turkey, Iran, Saudi Arabia, the United Arab Emirates, Egypt and Algeria, represented more than two-thirds of total export. Palestine (X square meters) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Iran (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest float glass and surface ground or polished glass supplying countries in MENA were Turkey ($X), Iran ($X) and Saudi Arabia ($X), with a combined X% share of total exports.

Iran, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per square meter in 2022, with an increase of X% against the previous year. Export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% 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 or polished glass increased by X% against 2017 indices. The pace of growth was the most pronounced in 2018 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

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 Palestine ($X per square meter), while Algeria ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other leaders experienced more modest paces of growth.

Imports of Float Glass And Surface Ground or Polished Glass

Imports in MENA

Imports of float glass and surface ground or polished glass was estimated at X square meters in 2022, increasing by X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, imports of float glass and surface ground or polished glass expanded remarkably to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Turkey was the main importing country with an import of around X square meters, which amounted to X% of total imports. It was distantly followed by Morocco (X square meters), the United Arab Emirates (X square meters), Tunisia (X square meters), Qatar (X square meters), Saudi Arabia (X square meters) and Israel (X square meters), together committing a X% share of total imports. Iraq (X square meters), Algeria (X square meters), Djibouti (X square meters), Oman (X square meters), Lebanon (X square meters) and Jordan (X square meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to float glass and surface ground or polished glass imports into Turkey stood at X%. At the same time, Qatar (X%), Morocco (X%), Tunisia (X%), Djibouti (X%), Saudi Arabia (X%), Israel (X%), the United Arab Emirates (X%), Lebanon (X%), Oman (X%) and Jordan (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Iraq (X%) and Algeria (X%) illustrated a downward trend over the same period. While the share of Morocco (X p.p.), Qatar (X p.p.) and Tunisia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (X p.p.), Iraq (X p.p.) and Algeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported float glass and surface ground or polished glass in MENA, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Morocco, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Morocco (X% per year).

Import Prices by Country

The import price in MENA stood at $X per square meter in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per square meter), while Tunisia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform