Saudi Arabia: Worked Flat Glass Market 2024

Worked Flat Glass Market Size in Saudi Arabia

In 2021, the Saudi worked flat glass market increased by 32% to $X, rising for the second consecutive year after two years of decline. In general, consumption saw a prominent expansion. Worked flat glass consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Worked Flat Glass Production in Saudi Arabia

In value terms, worked flat glass production reached $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a pronounced increase. The growth pace was the most rapid in 2016 when the production volume increased by 162%. Worked flat glass production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Worked Flat Glass Exports

Exports from Saudi Arabia

Worked flat glass exports from Saudi Arabia fell slightly to X tons in 2021, waning by -3.5% compared with the year before. Over the period under review, exports, however, posted a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 690% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, worked flat glass exports contracted modestly to $X in 2021. In general, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 454%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Lebanon (X tons) was the main destination for worked flat glass exports from Saudi Arabia, accounting for a 62% share of total exports. Moreover, worked flat glass exports to Lebanon exceeded the volume sent to the second major destination, the Dominican Republic (X tons), threefold. Australia (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Lebanon stood at +70.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (0.0% per year) and Australia (+35.5% per year).

In value terms, Lebanon ($X), the Dominican Republic ($X) and Australia ($X) constituted the largest markets for worked flat glass exported from Saudi Arabia worldwide, together comprising 92% of total exports. These countries were followed by South Africa, which accounted for a further 1.3%.

Among the main countries of destination, South Africa, with a CAGR of +275.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average worked flat glass export price amounted to $X per ton, surging by 1.7% against the previous year. Over the period under review, the export price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 an increase of 103% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+4.6%), while the prices for the other major destinations experienced a decline.

Worked Flat Glass Imports

Imports into Saudi Arabia

In 2021, purchases abroad of worked flat glass increased by 321% to X tons, rising for the sixth consecutive year after three years of decline. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

Imports by Country

In 2021, the United Arab Emirates (X tons) was the main supplier of worked flat glass to Saudi Arabia, accounting for a 135% share of total imports. Moreover, worked flat glass imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates stood at +97.3%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of worked flat glass to Saudi Arabia, comprising 90% of total imports. The second position in the ranking was taken by China ($X), with a 7.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +70.8%.

Import Prices by Country

The average worked flat glass import price stood at $X per ton in 2021, with a decrease of -9% against the previous year. Overall, the import price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 104%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-9.9%).

Source: IndexBox Platform

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