United Arab Emirates: Market for Glass Fibres And Glass Wool 2024

Market Size for Glass Fibres And Glass Wool in the United Arab Emirates

The glass fibres and wool market in the United Arab Emirates totaled $X in 2022, rising by 3.4% against the previous year. In general, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +83.1% against 2019 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Glass Fibres And Glass Wool in the United Arab Emirates

In value terms, glass fibres and wool production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2020 when the production volume increased by 207%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Glass Fibres And Glass Wool

Exports from the United Arab Emirates

In 2022, shipments abroad of glass fibres and glass wool was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports showed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, glass fibres and wool exports surged to $X in 2022. Over the period under review, exports posted a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Saudi Arabia (X tons) and Iraq (X tons) were the main destinations of glass fibres and wool exports from the United Arab Emirates, with a combined 77% share of total exports. Oman, Kuwait, Bahrain, Morocco and Qatar lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of +254.6%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United States ($X) and Iraq ($X) constituted the largest markets for glass fibres and wool exported from the United Arab Emirates worldwide, together accounting for 64% of total exports. Oman, Kuwait, Morocco, Bahrain and Qatar lagged somewhat behind, together comprising a further 17%.

Morocco, with a CAGR of +213.3%, recorded the highest growth rate of the value of exports, in terms of 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 glass fibres and wool export price stood at $X per ton in 2022, which is down by -25.8% against the previous year. In general, the export price recorded a perceptible curtailment. The growth pace was the most rapid in 2015 an increase of 25%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to the United States ($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 Qatar (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibres And Glass Wool

Imports into the United Arab Emirates

In 2022, after three years of decline, there was significant growth in purchases abroad of glass fibres and glass wool, when their volume increased by 13% to X tons. Over the period under review, imports continue to indicate prominent growth. The growth pace was the most rapid in 2017 with an increase of 134%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, glass fibres and wool imports surged to $X in 2022. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 69%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Kuwait (X tons), China (X tons) and Saudi Arabia (X tons) were the main suppliers of glass fibres and wool imports to the United Arab Emirates, with a combined 81% share of total imports. India, Oman, Italy and the United States lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +27.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibres and wool suppliers to the United Arab Emirates were China ($X), Kuwait ($X) and Saudi Arabia ($X), together accounting for 50% of total imports. India, the United States, Italy and Oman lagged somewhat behind, together accounting for a further 22%.

The United States, with a CAGR of +16.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average glass fibres and wool import price amounted to $X per ton, picking up by 5.1% against the previous year. Over the period under review, the import price, however, saw a mild setback. The most prominent rate of growth was recorded in 2019 an increase of 52% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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