MENA: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in MENA

The MENA's multiple-walled insulating glass unit market expanded notably to $X in 2021, growing by 9.2% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2021.

Production of Multiple-Walled Insulating Units Of Glass in MENA

In value terms, multiple-walled insulating glass unit production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 8.8% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Exports of Multiple-Walled Insulating Units Of Glass

Exports in MENA

In 2021, approx. X square meters of multiple-walled insulating units of glass were exported in MENA; increasing by 34% on the year before. The total export volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, multiple-walled insulating glass unit exports soared to $X in 2021. The total export value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey was the main exporter of multiple-walled insulating units of glass in MENA, with the volume of exports amounting to X square meters, which was approx. 79% of total exports in 2021. The United Arab Emirates (X square meters) ranks second in terms of the total exports with a 12% share, followed by Saudi Arabia (5.4%). Bahrain (X square meters) took a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to multiple-walled insulating glass unit exports from Turkey stood at +5.8%. At the same time, Bahrain (+34.2%) and Saudi Arabia (+28.0%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in MENA, with a CAGR of +34.2% from 2012-2021. By contrast, the United Arab Emirates (-8.0%) illustrated a downward trend over the same period. Turkey (+17 p.p.) and Saudi Arabia (+4.6 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -21.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest multiple-walled insulating glass unit supplier in MENA, comprising 76% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 18% share of total exports. It was followed by Saudi Arabia, with a 2.9% share.

In Turkey, multiple-walled insulating glass unit exports increased at an average annual rate of +7.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-7.6% per year) and Saudi Arabia (+27.4% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per square meter, standing approx. at the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 13% against the previous year. Over the period under review, the export prices hit record highs at $X per square meter in 2014; however, from 2015 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 the United Arab Emirates ($X per square meter), while Saudi Arabia ($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 Turkey (+1.7%), while the other leaders experienced more modest paces of growth.

Imports of Multiple-Walled Insulating Units Of Glass

Imports in MENA

In 2021, after two years of decline, there was significant growth in supplies from abroad of multiple-walled insulating units of glass, when their volume increased by 61% to X square meters. Total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, multiple-walled insulating glass unit imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 57% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Israel represented the major importer of multiple-walled insulating units of glass in MENA, with the volume of imports reaching X square meters, which was near 33% of total imports in 2021. Kuwait (X square meters) ranks second in terms of the total imports with a 17% share, followed by the United Arab Emirates (10%), Qatar (8.9%), Iraq (6.3%) and Turkey (5.7%). Oman (X square meters) followed a long way behind the leaders.

Israel was also the fastest-growing in terms of the multiple-walled insulating units of glass imports, with a CAGR of +41.8% from 2012 to 2021. At the same time, Kuwait (+33.3%), Turkey (+12.2%), Iraq (+5.9%), Qatar (+5.1%) and Oman (+3.2%) displayed positive paces of growth. The United Arab Emirates experienced a relatively flat trend pattern. Israel (+31 p.p.), Kuwait (+15 p.p.) and Turkey (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by -8.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) constitutes the largest market for imported multiple-walled insulating units of glass in MENA, comprising 39% of total imports. The second position in the ranking was taken by Kuwait ($X), with an 11% share of total imports. It was followed by Qatar, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value in Israel totaled +38.4%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+25.1% per year) and Qatar (+1.1% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per square meter, with a decrease of -16.1% against the previous year. Over the period under review, the import price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2018 when the import price increased by 27% against the previous year. The level of import peaked at $X per square meter in 2014; however, from 2015 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 ($X per square meter), while Turkey ($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 Oman (+8.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform