Middle East: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in the Middle East

The Middle Eastern market for drawn glass and blown glass fell slightly to $X in 2021, with a decrease of -2.9% against the previous year. The market value increased at an average annual rate of +4.5% 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 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Drawn Glass And Blown Glass in the Middle East

In value terms, drawn glass and blown glass production shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% 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 2015 when the production volume increased by 26% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Drawn Glass And Blown Glass

Exports in the Middle East

In 2021, shipments abroad of drawn glass and blown glass decreased by -18.3% to X square meters, falling for the fourth consecutive year after two years of growth. Overall, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of 48% against the previous year. The volume of export peaked at X square meters in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, drawn glass and blown glass exports contracted slightly to $X in 2021. In general, exports showed a deep reduction. The pace of growth was the most pronounced in 2013 when exports increased by 14% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Saudi Arabia was the major exporting country with an export of about X square meters, which reached 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 held approx. 30% share of total exports. The United Arab Emirates (X square meters) followed a long way behind the leaders.

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. Saudi Arabia (+17 p.p.) and Turkey (+4.4 p.p.) significantly strengthened its position in terms of the total exports, while Iran saw its share reduced by -21.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest drawn glass and blown glass supplier in the Middle East, comprising 88% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 4% 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 totaled -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

In 2021, the export price in the Middle East amounted to $X per square meter, increasing by 22% against the previous year. Export price indicated a resilient expansion 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 +81.7% against 2017 indices. The pace of growth appeared the most rapid in 2015 an increase of 44%. The level of export peaked in 2021 and is likely to see gradual 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 the Middle East

In 2021, supplies from abroad of drawn glass and blown glass decreased by -27.2% to X square meters, falling for the third year in a row after two years of growth. Overall, imports saw a slight decline. The pace of growth appeared the most rapid in 2014 with an increase of 48%. Over the period under review, imports hit record highs at X square meters in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, drawn glass and blown glass imports declined significantly to $X in 2021. Over the period under review, imports recorded a deep contraction. The pace of growth was the most pronounced in 2014 with an increase of 37% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X square meters) represented the main importer of drawn glass and blown glass, generating 56% of total imports. It was distantly followed by Kuwait (X square meters) and Bahrain (X square meters), together comprising a 35% share of total imports. The United Arab Emirates (X square meters) and Qatar (X square meters) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading 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 the Middle East were Kuwait ($X), Bahrain ($X) and Turkey ($X), with a combined 64% share of total imports.

Kuwait, with a CAGR of +32.7%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

The import price in the Middle East stood at $X per square meter in 2021, declining by -7.8% against the previous year. Over the period under review, the import price saw a deep downturn. The pace of growth appeared the most rapid in 2015 an increase of 20% against the previous year. Over the period under review, import prices hit record highs at $X per square meter in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 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 Bahrain (+13.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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