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

Market Size for Bottles, Jars And Other Containers Of Glass in the Middle East

The Middle Eastern market for bottles, jars and other containers of glass soared to $X in 2022, rising by X% against the previous year. In general, consumption, however, recorded a significant increase. The level of consumption peaked at $X.9B in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Bottles, Jars And Other Containers Of Glass in the Middle East

In value terms, glass bottle, jar and container production surged to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Bottles, Jars And Other Containers Of Glass

Exports by Country

Turkey was the main exporter of bottles, jars and other containers of glass in the Middle East, with the volume of exports amounting to X units, which was near X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), achieving an X% share of total exports. The following exporters - Oman (X units), Iran (X units) and Syrian Arab Republic (X units) - together made up X% of total exports.

Exports from Turkey increased at an average annual rate of X% from 2019 to 2022. At the same time, Oman (X.1%) and Iran (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X.1% from 2019-2022. Syrian Arab Republic experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2019 to 2022, the share of Turkey, Oman, Iran and Syrian Arab Republic increased by X, X, X and X percentage points, respectively.

In value terms, the largest glass bottle, jar and container supplying countries in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Oman ($X), together accounting for X% of total exports. Syrian Arab Republic and Iran lagged somewhat behind, together accounting for a further X%.

Syrian Arab Republic, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, falling by X% against the previous year. Overall, the export price, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then dropped remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Iran (less than $X per unit) was amongst the lowest.

From 2019 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 Bottles, Jars And Other Containers Of Glass

Imports in the Middle East

After two years of decline, supplies from abroad of bottles, jars and other containers of glass increased by X% to X units in 2022. In general, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, glass bottle, jar and container imports rose slightly to $X in 2022. The total import value increased at an average annual rate of X% 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 2013 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Turkey (X units) represented the largest importer of bottles, jars and other containers of glass, creating X% of total imports. Iraq (X units) took the second position in the ranking, followed by Bahrain (X units), the United Arab Emirates (X units) and Lebanon (X units). All these countries together took near X% share of total imports.

Turkey experienced a relatively flat trend pattern with regard to volume of imports of bottles, jars and other containers of glass. Iraq, Bahrain, Lebanon and the United Arab Emirates experienced a relatively flat trend pattern. While the share of Turkey (X p.p.), Iraq (X p.p.), Bahrain (X p.p.), the United Arab Emirates (X p.p.) and Lebanon (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Iraq ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Iraq, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price continues to indicate a sharp reduction. The pace of growth appeared the most rapid 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 the United Arab Emirates ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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