Middle East: Market for Bottles, Jars And Other Containers Of Glass 2024

Market Size for Bottles, Jars And Other Containers Of Glass in the Middle East

After two years of growth, the Middle Eastern market for bottles, jars and other containers of glass decreased by -28.4% to $X in 2021. Overall, consumption, however, recorded a strong expansion. As a result, consumption reached the peak level of $X, and then declined sharply in the following year.

Production of Bottles, Jars And Other Containers Of Glass in the Middle East

In value terms, glass bottle, jar and container production dropped markedly to $X in 2021 estimated in export price. In general, production, however, showed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 131%. As a result, production attained the peak level of $X, and then fell notably in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports in the Middle East

Glass bottle, jar and container exports reached X units in 2021, growing by 2.9% against the year before. Overall, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 45%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, glass bottle, jar and container exports surged to $X in 2021. In general, exports saw a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 31% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

In 2021, Turkey (X units) represented the key exporter of bottles, jars and other containers of glass, constituting 46% of total exports. The United Arab Emirates (X units) took the second position in the ranking, distantly followed by Oman (X units), Saudi Arabia (X units) and Kuwait (X units). All these countries together took approx. 51% share of total exports. Syrian Arab Republic (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +23.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Saudi Arabia ($X) were the countries with the highest levels of exports in 2021, with a combined 84% share of total exports.

Turkey, with a CAGR of +20.9%, saw the highest rates of growth with regard to the value of exports, among 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 the Middle East stood at $X per unit in 2021, picking up by 17% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. Over the period under review, the export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.9%), while the other leaders experienced more modest paces of growth.

Imports of Bottles, Jars And Other Containers Of Glass

Imports in the Middle East

In 2021, supplies from abroad of bottles, jars and other containers of glass increased by 18% to X units, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +3.0% over the period 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 2013 with an increase of 45% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, glass bottle, jar and container imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by 30% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Imports by Country

The countries with the highest levels of glass bottle, jar and container imports in 2021 were Iraq (X units), the United Arab Emirates (X units), Israel (X units), Lebanon (X units) and Turkey (X units), together finishing at 87% of total import. Jordan (X units), Yemen (X units) and Kuwait (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Iraq (with a CAGR of +28.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass bottle, jar and container importing markets in the Middle East were the United Arab Emirates ($X), Israel ($X) and Iraq ($X), together comprising 57% of total imports.

Among the main importing countries, Iraq, with a CAGR of +25.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2021, picking up by 2.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2018 when the import price increased by 15% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

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 the United Arab Emirates ($X per unit), while Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Yemen (+7.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :