GCC: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in GCC

The GCC market for drawn glass and blown glass declined significantly to $X in 2023, with a decrease of X% against the previous year. Overall, consumption showed a pronounced descent. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Production of Drawn Glass And Blown Glass in GCC

In value terms, drawn glass and blown glass production shrank to $X in 2023 estimated in export price. The total production indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Exports of Drawn Glass And Blown Glass

Exports in GCC

In 2023, approx. X square meters of drawn glass and blown glass were exported in GCC; increasing by X% against the previous year's figure. Over the period under review, exports, however, recorded a abrupt downturn. Over the period under review, the exports hit record highs at X square meters in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, drawn glass and blown glass exports surged to $X in 2023. Overall, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

Saudi Arabia dominates exports structure, reaching X square meters, which was near X% of total exports in 2023. The United Arab Emirates (X square meters) held a minor share of total exports.

Exports from Saudi Arabia decreased at an average annual rate of X% from 2012 to 2023. The United Arab Emirates experienced a relatively flat trend pattern. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest drawn glass and blown glass supplier in GCC, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

In Saudi Arabia, drawn glass and blown glass exports decreased by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in GCC stood at $X per square meter in 2023, declining by X% against the previous year. Over the period under review, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2015 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per square meter), while Saudi Arabia totaled $X per square meter.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Imports of Drawn Glass And Blown Glass

Imports in GCC

In 2023, imports of drawn glass and blown glass in GCC shrank notably to X square meters, waning by X% against the year before. In general, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X square meters in 2016; however, from 2017 to 2023, imports remained at a lower figure.

In value terms, drawn glass and blown glass imports shrank rapidly to $X in 2023. Overall, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Kuwait dominates imports structure, accounting for X square meters, which was near X% of total imports in 2023. The United Arab Emirates (X square meters) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Bahrain (X%). The following importers - Oman (X square meters) and Qatar (X square meters) - each reached a X% share of total imports.

Kuwait was also the fastest-growing in terms of the drawn glass and blown glass imports, with a CAGR of X% from 2012 to 2023. Bahrain (X%), the United Arab Emirates (X%), Oman (X%) and Qatar (X%) illustrated a downward trend over the same period. While the share of Kuwait (X p.p.), Bahrain (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Qatar (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kuwait ($X) constitutes the largest market for imported drawn glass and blown glass in GCC, comprising X% of total imports. The second position in the ranking was taken by Bahrain ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Kuwait stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Bahrain (X% per year) and Oman (X% per year).

Import Prices by Country

In 2023, the import price in GCC amounted to $X per square meter, stabilizing at the previous year. Overall, the import price saw prominent growth. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, import prices reached the peak figure in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Oman ($X per square meter), while Qatar ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform