Saudi Arabia: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in Saudi Arabia

The Saudi multiple-walled insulating glass unit market expanded notably to $X in 2021, increasing by 11% against the previous year. Overall, the total consumption indicated a measured expansion from 2012 to 2021: its value 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, consumption decreased by -14.2% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Multiple-Walled Insulating Units Of Glass in Saudi Arabia

In value terms, multiple-walled insulating glass unit production reached $X in 2021 estimated in export price. In general, production saw a buoyant expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 89% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from Saudi Arabia

In 2021, overseas shipments of multiple-walled insulating units of glass increased by 250% to X square meters, rising for the second year in a row after two years of decline. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 538%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, multiple-walled insulating glass unit exports skyrocketed to $X in 2021. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 541% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

The United Arab Emirates (X square meters) was the main destination for multiple-walled insulating glass unit exports from Saudi Arabia, accounting for a 71% share of total exports. Moreover, multiple-walled insulating glass unit exports to the United Arab Emirates exceeded the volume sent to the second major destination, Kuwait (X square meters), threefold. Egypt (X square meters) ranked third in terms of total exports with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +81.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+25.6% per year) and Egypt (+118.3% per year).

In value terms, the largest markets for multiple-walled insulating glass unit exported from Saudi Arabia were the United Arab Emirates ($X), Kuwait ($X) and Egypt ($X), together accounting for 91% of total exports.

Egypt, with a CAGR of +115.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average multiple-walled insulating glass unit export price stood at $X per square meter in 2021, which is down by -10.8% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 55% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per square meter), while the average price for exports to Oman ($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 Singapore (+31.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Multiple-Walled Insulating Units Of Glass

Imports into Saudi Arabia

Multiple-walled insulating glass unit imports into Saudi Arabia contracted notably to X square meters in 2021, reducing by -35.7% compared with 2020 figures. In general, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 68% against the previous year. Over the period under review, imports reached the peak figure at X square meters in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, multiple-walled insulating glass unit imports declined markedly to $X in 2021. Over the period under review, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 36% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Bahrain (X square meters), the United Arab Emirates (X square meters) and France (X square meters) were the main suppliers of multiple-walled insulating glass unit imports to Saudi Arabia, together comprising 89% of total imports.

From 2012 to 2021, the biggest increases were recorded for Bahrain (with a CAGR of +25.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X), Bahrain ($X) and France ($X) were the largest multiple-walled insulating glass unit suppliers to Saudi Arabia, together comprising 76% of total imports.

Among the main suppliers, Bahrain, with a CAGR of +35.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average multiple-walled insulating glass unit import price amounted to $X per square meter, surging by 11% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, multiple-walled insulating glass unit import price increased by +152.6% against 2017 indices. The pace of growth was the most pronounced in 2019 an increase of 45%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for Bahrain ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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