Middle East: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2025

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in the Middle East

The Middle Eastern market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground reached $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in the Middle East

In value terms, production of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground dropped slightly to $X in 2022 estimated in export price. In general, production, however, recorded a modest increase. The most prominent rate of growth was recorded in 2017 with an increase of 17% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports in the Middle East

In 2022, the amount of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exported in the Middle East contracted slightly to X square meters, therefore, remained relatively stable against 2021 figures. The total export volume increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 41%. Over the period under review, the exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground hit record highs at X square meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground contracted modestly to $X in 2022. Total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +72.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 77% against the previous year. As a result, the exports reached the peak of $X, and then declined modestly in the following year.

Exports by Country

The shipments of the four major exporters of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground, namely Turkey, the United Arab Emirates, Iran and Saudi Arabia, represented more than two-thirds of total export. Israel (X square meters) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Iran (with a CAGR of +18.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground supplying countries in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), with a combined 77% share of total exports. Iran and Israel lagged somewhat behind, together comprising a further 21%.

In terms of the main exporting countries, Iran, with a CAGR of +20.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per square meter, reducing by -2.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2021 when the export price increased by 26%. As a result, the export price reached the peak level of $X per square meter, and then contracted modestly in the following year.

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 Turkey ($X per square meter), while the United Arab Emirates ($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 Turkey (+4.8%), while the other leaders experienced more modest paces of growth.

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports in the Middle East

In 2022, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in the Middle East rose slightly to X square meters, growing by 4.5% against the previous year's figure. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 25%. The volume of import peaked at X square meters in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground soared to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 23%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Turkey (X square meters) represented the key importer of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground, committing 41% of total imports. The United Arab Emirates (X square meters) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Israel (11%), Qatar (7.5%), Lebanon (6.9%), Kuwait (5%) and Oman (5%).

Imports into Turkey increased at an average annual rate of +1.5% from 2012 to 2022. At the same time, the United Arab Emirates (+8.7%), Oman (+5.4%), Qatar (+5.2%), Israel (+3.4%) and Lebanon (+2.3%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +8.7% from 2012-2022. By contrast, Kuwait (-1.8%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+5.3 p.p.) and Qatar (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kuwait (-3 p.p.) and Turkey (-6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in the Middle East, comprising 37% of total imports. The second position in the ranking was taken by Israel ($X), with a 15% share of total imports. It was followed by the United Arab Emirates, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to +5.7%. The remaining importing countries recorded the following average annual rates of imports growth: Israel (+9.0% per year) and the United Arab Emirates (+8.3% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per square meter, rising by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2021 when the import price increased by 25% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per square meter), while Qatar ($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 Israel (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform