Middle East: Market for Float Glass And Surface Ground or Polished Glass 2024

Market Size for Float Glass And Surface Ground or Polished Glass in the Middle East

The Middle Eastern market for float glass and surface ground or polished glass shrank modestly to $X in 2022, approximately reflecting the previous year. The total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Float Glass And Surface Ground or Polished Glass in the Middle East

In value terms, production of float glass and surface ground or polished glass dropped modestly to $X in 2022 estimated in export price. The total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Float Glass And Surface Ground or Polished Glass

Exports in the Middle East

In 2022, approx. X square meters of float glass and surface ground or polished glass were exported in the Middle East; which is down by X% compared with the previous year. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X%. The volume of export peaked at X square meters in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of float glass and surface ground or polished glass totaled $X in 2022. Total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The shipments of the four major exporters of float glass and surface ground or polished glass, namely Turkey, Iran, Saudi Arabia and the United Arab Emirates, represented more than two-thirds of total export. The following exporters - Palestine (X square meters) and Israel (X square meters) - together made up X% of total exports.

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

In value terms, Turkey ($X), Iran ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Iran, with a CAGR of X%, 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, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Palestine ($X per square meter), while Israel ($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 Iran (X%), while the other leaders experienced more modest paces of growth.

Imports of Float Glass And Surface Ground or Polished Glass

Imports in the Middle East

Imports of float glass and surface ground or polished glass declined to X square meters in 2022, with a decrease of X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. The volume of import peaked at X square meters in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, imports of float glass and surface ground or polished glass reached $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Turkey was the main importer of float glass and surface ground or polished glass in the Middle East, with the volume of imports reaching X square meters, which was near X% of total imports in 2022. It was distantly followed by the United Arab Emirates (X square meters), Qatar (X square meters), Saudi Arabia (X square meters), Israel (X square meters) and Iraq (X square meters), together generating a X% share of total imports. Oman (X square meters), Lebanon (X square meters), Jordan (X square meters), Palestine (X square meters), Kuwait (X square meters), Yemen (X square meters) and Bahrain (X square meters) followed a long way behind the leaders.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Qatar (X%), Bahrain (X%), Saudi Arabia (X%), Palestine (X%), Yemen (X%), Israel (X%), the United Arab Emirates (X%), Lebanon (X%), Oman (X%) and Jordan (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Iraq (X%) and Kuwait (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Qatar increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported float glass and surface ground or polished glass in the Middle East, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Israel, with a X% share.

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

Import Prices by Country

The import price in the Middle East stood at $X per square meter in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

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

Source: IndexBox Platform

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