Middle East: Safety Glass Market 2024

Safety Glass Market Size in the Middle East

The Middle Eastern safety glass market was estimated at $X in 2022, surging by 1.6% against the previous year. The market value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see gradual growth in years to come.

Safety Glass Production in the Middle East

In value terms, safety glass production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when the production volume increased by 11% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

Safety Glass Exports

Exports in the Middle East

Safety glass exports reduced modestly to X square meters in 2022, approximately mirroring the year before. Over the period under review, exports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 46% against the previous year. As a result, the exports attained the peak of X square meters, leveling off in the following year.

In value terms, safety glass exports rose significantly to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +64.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Turkey prevails in exports structure, reaching X square meters, which was approx. 88% of total exports in 2022. It was distantly followed by Iran (X square meters), generating a 7.9% share of total exports. Israel (X square meters) took a minor share of total exports.

Exports from Turkey increased at an average annual rate of +10.0% from 2012 to 2022. At the same time, Iran (+33.3%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +33.3% from 2012-2022. By contrast, Israel (-6.3%) illustrated a downward trend over the same period. Turkey (+8.1 p.p.) and Iran (+6.8 p.p.) significantly strengthened its position in terms of the total exports, while Israel saw its share reduced by -8% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest safety glass supplier in the Middle East, comprising 90% of total exports. The second position in the ranking was taken by Iran ($X), with a 4.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled +8.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (+32.9% per year) and Israel (-6.3% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per square meter, picking up by 13% against the previous year. Overall, the export price, however, recorded a pronounced slump. Over the period under review, the export prices hit record highs at $X per square meter in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per square meter), while Iran ($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 (+0.0%), while the other leaders experienced a decline in the export price figures.

Safety Glass Imports

Imports in the Middle East

In 2022, safety glass imports in the Middle East shrank sharply to X square meters, with a decrease of -20.9% compared with the previous year's figure. Overall, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 49%. The volume of import peaked at X square meters in 2021, and then declined rapidly in the following year.

In value terms, safety glass imports shrank to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +22.0% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 39% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Turkey (X square meters) and Israel (X square meters) represented the key importers of safety glass in the Middle East, together generating 64% of total imports. It was distantly followed by the United Arab Emirates (X square meters) and Saudi Arabia (X square meters), together creating a 19% share of total imports. Iraq (X square meters), Qatar (X square meters), Lebanon (X square meters) and Kuwait (X square meters) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +24.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported safety glass in the Middle East, comprising 40% of total imports. The second position in the ranking was held by Israel ($X), with a 16% share of total imports. It was followed by the United Arab Emirates, with a 16% share.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to +7.8%. In the other countries, the average annual rates were as follows: Israel (+16.3% per year) and the United Arab Emirates (+3.0% per year).

Import Prices by Country

The import price in the Middle East stood at $X per square meter in 2022, growing by 11% against the previous year. Over the period under review, the import price, however, recorded a perceptible descent. The level of import peaked at $X per square meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per square meter), while Israel ($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 Lebanon (+2.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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