United Arab Emirates: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in the United Arab Emirates

The glass fibre fabrics market in the United Arab Emirates declined notably to $X in 2022, with a decrease of -16.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then fell dramatically in the following year.

Glass Fibre Fabrics Exports

Exports from the United Arab Emirates

In 2022, after five years of growth, there was decline in shipments abroad of glass fibre fabrics, when their volume decreased by -3.4% to X tons. Overall, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 100%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then shrank modestly in the following year.

In value terms, glass fibre fabrics exports contracted to $X in 2022. Over the period under review, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 96% against the previous year. The exports peaked at $X in 2021, and then contracted slightly in the following year.

Exports by Country

Italy (X tons), Oman (X tons) and Saudi Arabia (X tons) were the main destinations of glass fibre fabrics exports from the United Arab Emirates, with a combined 50% share of total exports. India, Ethiopia, Iran, Mauritania, Bahrain, China, Germany, Qatar, Sudan and Poland lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ethiopia (with a CAGR of +63.1%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Oman ($X) and Italy ($X) constituted the largest markets for glass fibre fabrics exported from the United Arab Emirates worldwide, together comprising 42% of total exports. Bahrain, India, Germany, Ethiopia, China, Qatar, Mauritania, Iran, Sudan and Poland lagged somewhat behind, together accounting for a further 30%.

Among the main countries of destination, Mauritania, with a CAGR of +59.6%, 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

The average glass fibre fabrics export price stood at $X per ton in 2022, surging by 2.3% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 41% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 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 Bahrain ($X per ton), while the average price for exports to Iran ($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 Germany (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Fibre Fabrics Imports

Imports into the United Arab Emirates

Glass fibre fabrics imports into the United Arab Emirates reduced to X tons in 2022, waning by -12.4% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 36%. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, glass fibre fabrics imports reduced dramatically to $X in 2022. In general, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.3% against 2017 indices. The pace of growth was the most pronounced in 2021 when imports increased by 48%. As a result, imports reached the peak of $X, and then reduced markedly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest glass fibre fabrics supplier to the United Arab Emirates, with a 79% share of total imports. Moreover, glass fibre fabrics imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold. The third position in this ranking was taken by India (X tons), with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+4.6% per year) and India (+13.5% per year).

In value terms, China ($X) constituted the largest supplier of glass fibre fabrics to the United Arab Emirates, comprising 44% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by the UK, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.7% per year) and the UK (+3.6% per year).

Import Prices by Country

The average glass fibre fabrics import price stood at $X per ton in 2022, waning by -4.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2013 an increase of 22%. The import price peaked at $X per ton in 2019; however, from 2020 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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