United Arab Emirates: Glass Fiber Market 2024

Glass Fiber Market Size in the United Arab Emirates

In 2021, the glass fiber market in the United Arab Emirates was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption enjoyed moderate growth. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Glass Fiber Exports

Exports from the United Arab Emirates

In 2021, overseas shipments of voiles, webs, mats and other articles of glass fibers decreased by -23.9% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, saw moderate growth. The pace of growth was the most pronounced in 2013 when exports increased by 116% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, glass fiber exports dropped remarkably to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 192%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons), the United States (X tons) and India (X tons) were the main destinations of glass fiber exports from the United Arab Emirates, with a combined 72% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +115.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the key foreign market for voiles, webs, mats and other articles of glass fibers exports from the United Arab Emirates, comprising 45% of total exports. The second position in the ranking was taken by the United States ($X), with a 12% share of total exports. It was followed by Oman, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+86.5% per year) and Oman (+1.4% per year).

Export Prices by Country

In 2021, the average glass fiber export price amounted to $X per ton, standing approx. at the previous year. In general, the export price saw a perceptible slump. The most prominent rate of growth was recorded in 2016 when the average export price increased by 92% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to India ($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 Oman (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fiber Imports

Imports into the United Arab Emirates

In 2021, overseas purchases of voiles, webs, mats and other articles of glass fibers decreased by -5.7% to X tons, falling for the third consecutive year after two years of growth. In general, imports, however, continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 80% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, glass fiber imports stood at $X in 2021. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -20.2% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 48% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest glass fiber supplier to the United Arab Emirates, accounting for a 50% share of total imports. Moreover, glass fiber imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), threefold. India (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+9.0% per year) and India (+13.6% per year).

In value terms, China ($X) constituted the largest supplier of voiles, webs, mats and other articles of glass fibers to the United Arab Emirates, comprising 33% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 15% share of total imports. It was followed by India, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+7.0% per year) and India (+7.2% per year).

Import Prices by Country

The average glass fiber import price stood at $X per ton in 2021, picking up by 19% against the previous year. In general, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, glass fiber import price increased by +62.2% against 2018 indices. The growth pace was the most rapid in 2016 when the average import price increased by 54%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat 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 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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