Middle East: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in the Middle East

The Middle Eastern multiple-walled insulating glass unit market expanded sharply to $X in 2021, surging by 9.4% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Production of Multiple-Walled Insulating Units Of Glass in the Middle East

In value terms, multiple-walled insulating glass unit production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2019 when the production volume increased by 10%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of Multiple-Walled Insulating Units Of Glass

Exports in the Middle East

In 2021, multiple-walled insulating glass unit exports in the Middle East surged to X square meters, jumping by 34% on the previous year. The total export volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, multiple-walled insulating glass unit exports surged to $X in 2021. The total export value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey represented the largest exporting country with an export of about X square meters, which reached 79% of total exports. The United Arab Emirates (X square meters) took the second position in the ranking, followed by Saudi Arabia (X square meters). All these countries together took near 18% share of total exports. Bahrain (X square meters) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +5.8% from 2012 to 2021. At the same time, Bahrain (+34.2%) and Saudi Arabia (+28.0%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +34.2% from 2012-2021. By contrast, the United Arab Emirates (-8.0%) illustrated a downward trend over the same period. While the share of Turkey (+15 p.p.) and Saudi Arabia (+4.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-22.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest multiple-walled insulating glass unit supplier in the Middle East, comprising 76% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 18% share of total exports. It was followed by Saudi Arabia, with a 2.9% share.

In Turkey, multiple-walled insulating glass unit exports increased at an average annual rate of +7.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (-7.6% per year) and Saudi Arabia (+27.4% per year).

Export Prices by Country

The export price in the Middle East stood at $X per square meter in 2021, stabilizing at the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 13%. Over the period under review, the export prices attained the maximum at $X per square meter in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per square meter), while Saudi Arabia ($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 Turkey (+1.7%), while the other leaders experienced more modest paces of growth.

Imports of Multiple-Walled Insulating Units Of Glass

Imports in the Middle East

After two years of decline, purchases abroad of multiple-walled insulating units of glass increased by 60% to X square meters in 2021. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, multiple-walled insulating glass unit imports soared to $X in 2021. The total import value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 62% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Israel (X square meters) represented the main importer of multiple-walled insulating units of glass, achieving 35% of total imports. Kuwait (X square meters) held an 18% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (11%), Qatar (9.4%), Iraq (6.7%) and Turkey (6%). Oman (X square meters) followed a long way behind the leaders.

Israel was also the fastest-growing in terms of the multiple-walled insulating units of glass imports, with a CAGR of +41.8% from 2012 to 2021. At the same time, Kuwait (+33.3%), Turkey (+12.2%), Iraq (+5.9%), Qatar (+5.1%) and Oman (+3.2%) displayed positive paces of growth. The United Arab Emirates experienced a relatively flat trend pattern. From 2012 to 2021, the share of Israel, Kuwait and Turkey increased by +33, +15 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) constitutes the largest market for imported multiple-walled insulating units of glass in the Middle East, comprising 42% of total imports. The second position in the ranking was taken by Kuwait ($X), with a 12% share of total imports. It was followed by Qatar, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Israel totaled +38.4%. In the other countries, the average annual rates were as follows: Kuwait (+25.1% per year) and Qatar (+1.1% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per square meter, declining by -16.7% against the previous year. Over the period under review, the import price saw a noticeable contraction. The most prominent rate of growth was recorded in 2018 when the import price increased by 29% against the previous year. The level of import peaked at $X per square meter in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 Oman ($X per square meter), while Turkey ($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 Oman (+8.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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