Saudi Arabia: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in Saudi Arabia

After two years of growth, the Saudi glass in the mass market decreased by -10.9% to $X in 2022. Over the period under review, consumption continues to indicate a drastic downturn. Glass in the mass consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Glass in The Mass in Saudi Arabia

In value terms, glass in the mass production fell to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 19%. Glass in the mass production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Glass in The Mass

Exports from Saudi Arabia

After two years of decline, overseas shipments of glass in the mass increased by 35% to X tons in 2022. Over the period under review, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2013 when exports increased by 49%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, glass in the mass exports rose rapidly to $X in 2022. In general, exports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2013 when exports increased by 90% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Kuwait (X tons), the United Arab Emirates (X tons) and Oman (X tons) were the main destinations of glass in the mass exports from Saudi Arabia.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +5.1%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for glass in the mass exported from Saudi Arabia were Oman ($X), Kuwait ($X) and the United Arab Emirates ($X).

Oman, with a CAGR of +6.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average glass in the mass export price stood at $X per ton in 2022, falling by -20.4% against the previous year. Overall, the export price saw a mild downturn. The growth pace was the most rapid in 2013 an increase of 28% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+41.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Glass in The Mass

Imports into Saudi Arabia

For the third year in a row, Saudi Arabia recorded growth in purchases abroad of glass in the mass, which increased by 29% to X tons in 2014. The total import volume increased at an average annual rate of +16.0% from 2012 to 2014; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, glass in the mass imports skyrocketed to $X in 2014. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 71%. Over the period under review, glass in mass imports reached the maximum in 2014 and are likely to see steady growth in the near future.

Imports by Country

In 2014, the United Arab Emirates (X tons) was the main glass in the mass supplier to Saudi Arabia, accounting for a 96% share of total imports. It was followed by China (X tons), with a 1.9% share of total imports.

From 2012 to 2014, the average annual growth rate of volume from the United Arab Emirates stood at +16.2%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of glass in the mass to Saudi Arabia, comprising 83% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports.

From 2012 to 2014, the average annual growth rate of value from the United Arab Emirates amounted to +66.8%.

Import Prices by Country

In 2014, the average glass in the mass import price amounted to $X per ton, increasing by 10% against the previous year. Over the period under review, import price indicated a significant expansion from 2012 to 2014: its price increased at an average annual rate of +34.1% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2014 figures, glass in the mass import price increased by +79.9% against 2012 indices. The growth pace was the most rapid in 2013 when the average import price increased by 63%. Over the period under review, average import prices hit record highs in 2014 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2014, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United Arab Emirates amounted to $X per ton.

From 2012 to 2014, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+44.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :