Middle East: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in the Middle East

The Middle Eastern market for drawn glass and blown glass expanded to $X in 2022, growing by X% against the previous year. The total consumption 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, consumption increased by X% against 2012 indices. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Drawn Glass And Blown Glass in the Middle East

In value terms, drawn glass and blown glass production reached $X in 2022 estimated in export price. The total production indicated a pronounced expansion 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Exports of Drawn Glass And Blown Glass

Exports in the Middle East

In 2022, after five years of decline, there was significant growth in shipments abroad of drawn glass and blown glass, when their volume increased by X% to X square meters. Over the period under review, exports, however, saw a precipitous descent. The volume of export peaked at X square meters in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, drawn glass and blown glass exports skyrocketed to $X in 2022. In general, exports, however, recorded a abrupt curtailment. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia was the largest exporting country with an export of around X square meters, which reached X% of total exports. Iran (X square meters) held a X% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (X%). Turkey (X square meters) followed a long way behind the leaders.

Exports from Saudi Arabia decreased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Turkey (X%) and Iran (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Iran, the United Arab Emirates and Turkey increased by X, X and X percentage points, respectively.

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

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

Export Prices by Country

The export price in the Middle East stood at $X per square meter in 2022, with an increase of X% against the previous year. In general, the export price recorded a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Drawn Glass And Blown Glass

Imports in the Middle East

In 2022, overseas purchases of drawn glass and blown glass increased by X% to X square meters, rising for the second year in a row after three years of decline. In general, imports saw a pronounced expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, drawn glass and blown glass imports soared to $X in 2022. Overall, imports recorded a noticeable expansion. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Kuwait was the largest importing country with an import of about X square meters, which finished at X% of total imports. Turkey (X square meters) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Bahrain (X%). The United Arab Emirates (X square meters) held a minor 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 2022. At the same time, Bahrain (X%) displayed positive paces of growth. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Turkey (X%) illustrated a downward trend over the same period. Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while Turkey saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Kuwait, drawn glass and blown glass imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bahrain (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per square meter, surging by X% against the previous year. In general, the import price, however, saw a slight setback. The pace of growth was the most pronounced in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per square meter in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per square meter), while Turkey ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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