Saudi Arabia: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in Saudi Arabia

The Saudi multiple-walled insulating glass unit market fell slightly to $X in 2022, with a decrease of X% against the previous year. In general, the total consumption indicated notable 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 decreased by X% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Multiple-Walled Insulating Units Of Glass in Saudi Arabia

In value terms, multiple-walled insulating glass unit production declined to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a measured expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Multiple-walled insulating glass unit production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from Saudi Arabia

In 2022, after two years of growth, there was significant decline in shipments abroad of multiple-walled insulating units of glass, when their volume decreased by X% to X square meters. In general, exports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2021, and then contracted rapidly in the following year.

In value terms, multiple-walled insulating glass unit exports contracted remarkably to $X in 2022. Over the period under review, exports, however, recorded a resilient increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

The United Arab Emirates (X square meters) was the main destination for multiple-walled insulating glass unit exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, multiple-walled insulating glass unit exports to the United Arab Emirates exceeded the volume sent to the second major destination, Kuwait (X square meters), twofold. The third position in this ranking was taken by Bahrain (X square meters), with a X% share.

From 2015 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and Bahrain (X% per year).

In value terms, the United Arab Emirates ($X), Kuwait ($X) and Bahrain ($X) were the largest markets for multiple-walled insulating glass unit exported from Saudi Arabia worldwide, together accounting for X% of total exports.

Kuwait, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average multiple-walled insulating glass unit export price amounted to $X per square meter, surging by X% against the previous year. In general, the export price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per square meter in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per square meter), while the average price for exports to Sri Lanka ($X per square meter) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Imports of Multiple-Walled Insulating Units Of Glass

Imports into Saudi Arabia

In 2022, supplies from abroad of multiple-walled insulating units of glass was finally on the rise to reach X square meters after four years of decline. Over the period under review, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X square meters in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, multiple-walled insulating glass unit imports soared to $X in 2022. Overall, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Bahrain (X square meters), the United Arab Emirates (X square meters) and Turkey (X square meters) were the main suppliers of multiple-walled insulating glass unit imports to Saudi Arabia, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Bahrain ($X), the United Arab Emirates ($X) and China ($X) were the largest multiple-walled insulating glass unit suppliers to Saudi Arabia, with a combined X% share of total imports.

In terms of the main suppliers, Bahrain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average multiple-walled insulating glass unit import price amounted to $X per square meter, waning by X% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price 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, multiple-walled insulating glass unit import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per square meter in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per square meter), while the price for Bahrain ($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 Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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