GCC: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in GCC

The GCC glass in the mass market surged to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Glass in The Mass in GCC

In value terms, glass in the mass production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Exports of Glass in The Mass

Exports in GCC

Glass in the mass exports totaled X tons in 2022, with an increase of X% against the year before. Over the period under review, exports showed a noticeable expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass in the mass exports skyrocketed to $X in 2022. Overall, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates was the largest exporter of glass in the mass in GCC, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Qatar (X tons), Bahrain (X tons), Saudi Arabia (X tons) and Oman (X tons), together comprising a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to glass in the mass exports from the United Arab Emirates stood at X%. At the same time, Oman (X%), Bahrain (X%) and Qatar (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Bahrain, Oman and Qatar increased by X, X, X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) remains the largest glass in the mass supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Qatar ($X), with a X% share of total exports. It was followed by Saudi Arabia, with an X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to X%. In the other countries, the average annual rates were as follows: Qatar (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, growing by X% against the previous year. In general, the export price enjoyed a noticeable expansion. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($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 Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Glass in The Mass

Imports in GCC

In 2022, after two years of decline, there was significant growth in overseas purchases of glass in the mass, when their volume increased by X% to X tons. Over the period under review, imports recorded a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, glass in the mass imports soared 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. Over the period under review, glass in mass imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates was the key importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by Kuwait (X tons), creating a X% share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the glass in the mass imports, with a CAGR of X% from 2012 to 2022. At the same time, Kuwait (X%) displayed positive paces of growth. The United Arab Emirates (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported glass in the mass in GCC, comprising X% of total imports. The second position in the ranking was taken by Kuwait ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%.

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price saw a slight slump. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Kuwait stood at $X per ton.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :