MENA: Worked Flat Glass Market 2024

Worked Flat Glass Market Size in MENA

The MENA's worked flat glass market declined to $X in 2021, dropping by -7.8% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then contracted in the following year.

Worked Flat Glass Production in MENA

In value terms, worked flat glass production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by 19% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Worked Flat Glass Exports

Exports in MENA

After two years of decline, shipments abroad of worked flat glass increased by 63% to X tons in 2021. Overall, exports posted strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, worked flat glass exports soared to $X in 2021. Over the period under review, exports recorded a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey dominates exports structure, resulting at X tons, which was approx. 82% of total exports in 2021. The United Arab Emirates (X tons) ranks second in terms of the total exports with a 9.5% share, followed by Saudi Arabia (5%). Egypt (X tons) held a little share of total exports.

Exports from Turkey increased at an average annual rate of +15.0% from 2012 to 2021. At the same time, the United Arab Emirates (+38.1%), Saudi Arabia (+20.1%) and Egypt (+17.0%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of +38.1% from 2012-2021. From 2012 to 2021, the share of the United Arab Emirates, Turkey and Saudi Arabia increased by +7.7, +1.7 and +1.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest worked flat glass supplier in MENA, comprising 88% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 6.8% share of total exports. It was followed by Saudi Arabia, with a 2.2% share.

In Turkey, worked flat glass exports increased at an average annual rate of +11.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+20.2% per year) and Saudi Arabia (+11.1% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, with an increase of 2.3% against the previous year. In general, the export price, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2019 when the export price increased by 18%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-3.1%), while the other leaders experienced a decline in the export price figures.

Worked Flat Glass Imports

Imports in MENA

In 2021, approx. X tons of worked flat glass were imported in MENA; increasing by 16% compared with the previous year's figure. In general, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 25% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, worked flat glass imports soared to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +9.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +75.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Saudi Arabia (X tons) and Iraq (X tons) represented the main importers of worked flat glass in 2021, resulting at near 28% and 26% of total imports, respectively. The United Arab Emirates (X tons) took a 10% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (9.7%), Israel (6.7%) and Algeria (6.5%). Libya (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iraq (with a CAGR of +49.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported worked flat glass in MENA, comprising 52% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 14% share of total imports. It was followed by Iraq, with an 11% share.

In Turkey, worked flat glass imports expanded at an average annual rate of +11.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Saudi Arabia (+41.8% per year) and Iraq (+42.6% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, growing by 24% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton 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 Turkey ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+13.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform