Middle East: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in the Middle East

In 2022, the Middle Eastern glass in the mass market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption continues to indicate noticeable growth. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Glass in The Mass in the Middle East

In value terms, glass in the mass production surged to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a temperate increase. Over the period under review, glass in mass production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Glass in The Mass

Exports in the Middle East

In 2022, the amount of glass in the mass exported in the Middle East declined dramatically to X tons, falling by -43.5% on 2021 figures. Overall, exports, however, showed resilient growth. The growth pace was the most rapid in 2016 when exports increased by 349% against the previous year. The volume of export peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, glass in the mass exports surged to $X in 2022. Over the period under review, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 164% against the previous year. Over the period under review, the glass in mass exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Israel was the key exporter of glass in the mass in the Middle East, with the volume of exports reaching X tons, which was near 63% of total exports in 2022. The United Arab Emirates (X tons) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Lebanon (5.8%) and Turkey (5.1%). The following exporters - Oman (X tons), Bahrain (X tons) and Saudi Arabia (X tons) - together made up 10% of total exports.

Exports from Israel increased at an average annual rate of +36.4% from 2012 to 2022. At the same time, Lebanon (+49.6%), Bahrain (+42.1%), Turkey (+37.1%) and Oman (+13.9%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +49.6% from 2012-2022. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-11.8%) illustrated a downward trend over the same period. Israel (+56 p.p.), Lebanon (+5.5 p.p.), Turkey (+4.5 p.p.) and Bahrain (+3.1 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Saudi Arabia saw its share reduced by -21.1% and -24.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) remains the largest glass in the mass supplier in the Middle East, comprising 62% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 15% share of total exports. It was followed by Turkey, with a 13% share.

From 2012 to 2022, the average annual growth rate of value in Israel stood at +65.9%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+9.5% per year) and Turkey (+33.8% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, rising by 117% against the previous year. In general, the export price recorded mild growth. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, 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 Turkey ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+21.5%), while the other leaders experienced more modest paces of growth.

Imports of Glass in The Mass

Imports in the Middle East

In 2022, approx. X tons of glass in the mass were imported in the Middle East; with an increase of 11% compared with the previous year. In general, imports saw a strong increase. The growth pace was the most rapid in 2019 with an increase of 168%. Over the period under review, glass in mass imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, glass in the mass imports dropped slightly to $X in 2022. The total import value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 58% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey was the major importing country with an import of about X tons, which accounted for 62% of total imports. It was distantly followed by the United Arab Emirates (X tons), making up a 30% share of total imports. Oman (X tons), Syrian Arab Republic (X tons) and Israel (X tons) took a little share of total imports.

Turkey was also the fastest-growing in terms of the glass in the mass imports, with a CAGR of +74.7% from 2012 to 2022. At the same time, Syrian Arab Republic (+55.8%), the United Arab Emirates (+16.1%), Israel (+1.3%) and Oman (+1.3%) displayed positive paces of growth. Turkey (+61 p.p.), the United Arab Emirates (+6.9 p.p.) and Syrian Arab Republic (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Israel and Oman saw its share reduced by -3.2% and -7.4% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported glass in the mass in the Middle East, comprising 50% of total imports. The second position in the ranking was held by Turkey ($X), with a 22% share of total imports. It was followed by Israel, with a 15% share.

In the United Arab Emirates, glass in the mass imports increased at an average annual rate of +11.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (+26.9% per year) and Israel (-1.1% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, dropping by -13% against the previous year. In general, the import price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2015 when the import price increased by 67%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (-2.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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