Saudi Arabia: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Saudi Arabia

The Saudi market for drawn glass and blown glass declined to $X in 2021, dropping by -10.4% against the previous year. Overall, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +12.3% against 2019 indices. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Drawn Glass And Blown Glass in Saudi Arabia

In value terms, drawn glass and blown glass production dropped to $X in 2021 estimated in export price. In general, production saw a slight decline. The growth pace was the most rapid in 2017 with an increase of 41%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Exports of Drawn Glass And Blown Glass

Exports from Saudi Arabia

In 2021, after two years of decline, there was significant growth in shipments abroad of drawn glass and blown glass, when their volume increased by 15% to X square meters. Overall, exports, however, faced a abrupt decline. The pace of growth was the most pronounced in 2018 with an increase of 52% against the previous year. The exports peaked at X square meters in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, drawn glass and blown glass exports rose significantly to $X in 2021. In general, exports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 19% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Bahrain (X square meters), Kuwait (X square meters) and Ecuador (X square meters) were the main destinations of drawn glass and blown glass exports from Saudi Arabia, together accounting for 92% of total exports.

From 2012 to 2021, the biggest increases were recorded for Kuwait (with a CAGR of +20.0%), while shipments for the other leaders experienced a decline.

In value terms, Bahrain ($X) remains the key foreign market for drawn glass and blown glass exports from Saudi Arabia, comprising 18% of total exports. The second position in the ranking was held by Kuwait ($X), with a 1% share of total exports. It was followed by Ecuador, with a 0.4% share.

From 2012 to 2021, the average annual growth rate of value to Bahrain amounted to +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+6.0% per year) and Ecuador (-3.3% per year).

Export Prices by Country

In 2021, the average export price for drawn glass and blown glass amounted to $X per square meter, waning by -7% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, drawn glass and blown glass export price increased by +40.1% against 2018 indices. The growth pace was the most rapid in 2019 an increase of 29% against the previous year. The export price peaked at $X per square meter in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Bahrain ($X per square meter), while the average price for exports to Uganda ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+29.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drawn Glass And Blown Glass

Imports into Saudi Arabia

In 2021, the amount of drawn glass and blown glass imported into Saudi Arabia totaled less than X square meters, approximately mirroring the year before. In general, imports continue to indicate a relatively flat trend pattern.

In value terms, drawn glass and blown glass imports amounted to less than $X in 2021. Overall, imports saw a abrupt decline. The growth pace was the most rapid in 2015 when imports increased by 14% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X square meters), the United Arab Emirates (X square meters) and the United States (X square meters) were the main suppliers of drawn glass and blown glass imports to Saudi Arabia, with a combined 75% share of total imports. These countries were followed by Italy, which accounted for a further 25%. Moreover, drawn glass and blown glass imports in China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates, tenfold.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of -8.7%), while purchases for the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X), China ($X) and the United States ($X) constituted the largest drawn glass and blown glass suppliers to Saudi Arabia, together comprising 75% of total imports. Italy lagged somewhat behind, comprising a further 25%.

In terms of the main suppliers, Italy, with a CAGR of +0.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average import price for drawn glass and blown glass amounted to less than $X per thousand square meters, therefore, remained relatively stable against the previous year. Overall, the import price showed a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per thousand square meters), while the price for China ($X per thousand square meters) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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