GCC: Market for Bottles, Jars And Other Containers Of Glass 2024

Market Size for Bottles, Jars And Other Containers Of Glass in GCC

The GCC market for bottles, jars and other containers of glass skyrocketed to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption continues to indicate a significant expansion. As a result, consumption attained the peak level of $X.6B. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Bottles, Jars And Other Containers Of Glass in GCC

In value terms, glass bottle, jar and container production totaled $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Bottles, Jars And Other Containers Of Glass

Exports by Country

The United Arab Emirates was the major exporter of bottles, jars and other containers of glass in GCC, with the volume of exports finishing at X units, which was near X% of total exports in 2022. It was distantly followed by Oman (X units), mixing up a X% share of total exports.

From 2019 to 2022, average annual rates of growth with regard to glass bottle, jar and container exports from the United Arab Emirates stood at X%. At the same time, Oman (X.1%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of X.1% from 2019-2022. From 2019 to 2022, the share of Oman increased by X percentage points.

In value terms, the United Arab Emirates ($X) remains the largest glass bottle, jar and container supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Oman ($X), with an X% share of total exports.

In the United Arab Emirates, glass bottle, jar and container exports contracted by an average annual rate of X% over the period from 2019-2022.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price saw a significant expansion. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Oman stood at $X per unit.

From 2019 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Imports of Bottles, Jars And Other Containers Of Glass

Imports in GCC

In 2022, purchases abroad of bottles, jars and other containers of glass increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. In general, imports recorded a significant increase. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, glass bottle, jar and container imports fell modestly to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then fell slightly in the following year.

Imports by Country

Bahrain (X units) and the United Arab Emirates (X units) dominates imports structure, together generating X% of total imports. It was distantly followed by Qatar (X units), generating a X% share of total imports. The following importers - Oman (X units) and Kuwait (X units) - each accounted for a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Qatar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported bottles, jars and other containers of glass in GCC, comprising X% of total imports. The second position in the ranking was held by Kuwait ($X), with a X% share of total imports. It was followed by Bahrain, with an X% share.

In the United Arab Emirates, glass bottle, jar and container imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and Bahrain (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, falling by X% against the previous year. In general, the import price showed a sharp contraction. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kuwait ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (X%).

Source: IndexBox Platform

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