Middle East: Market for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards 2024

Market Size for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in the Middle East

In 2021, the Middle Eastern non-woven glass fibre articles market increased by 7.1% to $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.8% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in the Middle East

In value terms, non-woven glass fibre articles production rose sharply to $X in 2021 estimated in export price. The total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.9% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 18% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Exports in the Middle East

In 2021, overseas shipments of non-woven glass fibre webs, felts, mattresses and boards increased by 17% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 17%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-woven glass fibre articles exports rose notably to $X in 2021. In general, exports, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 65%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Turkey prevails in exports structure, recording X tons, which was near 80% of total exports in 2021. Kuwait (X tons) ranks second in terms of the total exports with a 6.7% share, followed by the United Arab Emirates (6%). The following exporters - Iran (X tons), Bahrain (X tons) and Saudi Arabia (X tons) - together made up 7% of total exports.

Exports from Turkey increased at an average annual rate of +17.0% from 2012 to 2021. At the same time, Bahrain (+79.7%), Iran (+21.9%), Saudi Arabia (+9.6%) and the United Arab Emirates (+4.3%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +79.7% from 2012-2021. By contrast, Kuwait (-21.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey, Iran and Bahrain increased by +56, +2.7 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest non-woven glass fibre articles supplier in the Middle East, comprising 66% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 17% share of total exports. It was followed by Kuwait, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value in Turkey totaled +13.9%. In the other countries, the average annual rates were as follows: the United Arab Emirates (-2.2% per year) and Kuwait (-22.9% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, dropping by -4.7% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 63%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (-0.4%), while the other leaders experienced a decline in the export price figures.

Imports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Imports in the Middle East

In 2021, approx. X tons of non-woven glass fibre webs, felts, mattresses and boards were imported in the Middle East; with an increase of 9.7% against the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 38% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, non-woven glass fibre articles imports surged to $X in 2021. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 80% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Israel (X tons) and the United Arab Emirates (X tons) represented the largest importers of non-woven glass fibre webs, felts, mattresses and boards in the Middle East, together achieving 58% of total imports. Turkey (X tons) took a 17% share (based on physical terms) of total imports, which put it in second place, followed by Iraq (6.8%) and Qatar (5.7%). The following importers - Iran (X tons) and Lebanon (X tons) - each finished at a 4.3% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Qatar (with a CAGR of +43.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Turkey ($X) and the United Arab Emirates ($X) were the countries with the highest levels of imports in 2021, with a combined 73% share of total imports. These countries were followed by Qatar, Iran, Iraq and Lebanon, which together accounted for a further 12%.

Qatar, with a CAGR of +29.6%, recorded the highest growth rate of 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

In 2021, the import price in the Middle East amounted to $X per ton, jumping by 20% against the previous year. Import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-woven glass fibre articles import price decreased by -25.6% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the import price increased by 37% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Iran ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+9.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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