Middle East: Worked Flat Glass Market 2024

Worked Flat Glass Market Size in the Middle East

The Middle Eastern worked flat glass market reduced to $X in 2021, waning by -7.4% against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Worked Flat Glass Production in the Middle East

In value terms, worked flat glass production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 29% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Worked Flat Glass Exports

Exports in the Middle East

In 2021, shipments abroad of worked flat glass was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports enjoyed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, worked flat glass exports soared to $X in 2021. Over the period under review, exports enjoyed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey dominates exports structure, finishing at X tons, which was approx. 84% of total exports in 2021. The United Arab Emirates (X tons) took the second position in the ranking, followed by Saudi Arabia (X tons). All these countries together held near 15% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to worked flat glass exports from Turkey stood at +15.0%. At the same time, the United Arab Emirates (+38.1%) and Saudi Arabia (+20.1%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +38.1% from 2012-2021. The United Arab Emirates (+8 p.p.), Turkey (+2 p.p.) and Saudi Arabia (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest worked flat glass supplier in the Middle East, comprising 90% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 6.9% share of total exports.

In Turkey, worked flat glass exports increased at an average annual rate of +11.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+20.2% per year) and Saudi Arabia (+11.1% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, approximately mirroring the previous year. Over the period under review, the export price, however, showed a pronounced decline. The pace of growth appeared the most rapid in 2019 when the export price increased by 19%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, 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 ($X per ton), while Saudi Arabia ($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 (-3.1%), while the other leaders experienced a decline in the export price figures.

Worked Flat Glass Imports

Imports in the Middle East

In 2021, overseas purchases of worked flat glass increased by 27% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 30%. The volume of import peaked in 2021 and is likely to see steady growth in years to come.

In value terms, worked flat glass imports soared to $X in 2021. Overall, imports showed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Saudi Arabia (X tons) and Iraq (X tons) represented roughly 61% of total imports in 2021. The United Arab Emirates (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (11%) and Israel (7.6%). The following importers - Iran (X tons) and Lebanon (X tons) - each accounted for a 3.1% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Iraq (with a CAGR of +49.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported worked flat glass in the Middle East, comprising 56% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 15% share of total imports. It was followed by Iraq, with a 12% share.

In Turkey, worked flat glass imports expanded at an average annual rate of +11.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Saudi Arabia (+41.8% per year) and Iraq (+42.6% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, picking up by 17% against the previous year. Over the period under review, the import price, however, saw a slight curtailment. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 Turkey ($X per ton), while Iraq ($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 (+13.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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