United Arab Emirates: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in the United Arab Emirates

After five years of decline, the market for drawn glass and blown glass in the United Arab Emirates increased by 9.3% to $X in 2021. In general, consumption, however, posted moderate growth. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Production of Drawn Glass And Blown Glass in the United Arab Emirates

In value terms, drawn glass and blown glass production surged to $X in 2021 estimated in export price. Over the period under review, production saw a perceptible expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 235%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Exports of Drawn Glass And Blown Glass

Exports from the United Arab Emirates

After two years of decline, overseas shipments of drawn glass and blown glass increased by 208% to X square meters in 2021. Over the period under review, exports, however, saw a abrupt decline. Over the period under review, the exports hit record highs at X square meters in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, drawn glass and blown glass exports soared to $X in 2021. Overall, exports, however, saw a abrupt decrease. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X square meters) was the main destination for drawn glass and blown glass exports from the United Arab Emirates, accounting for a 540% share of total exports. Moreover, drawn glass and blown glass exports to Kuwait exceeded the volume sent to the second major destination, Saudi Arabia (X square meters), ninefold. Oman (X square meters) ranked third in terms of total exports with a 44% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kuwait stood at +146.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-27.3% per year) and Oman (-4.9% per year).

In value terms, Kuwait ($X) emerged as the key foreign market for drawn glass and blown glass exports from the United Arab Emirates, comprising 86% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 14% share of total exports. It was followed by Lebanon, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Kuwait totaled +117.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-25.4% per year) and Lebanon (+47.6% per year).

Export Prices by Country

The average export price for drawn glass and blown glass stood at $X per square meter in 2021, reducing by -40.8% against the previous year. Over the period under review, the export price saw a deep slump. The most prominent rate of growth was recorded in 2015 an increase of 100%. As a result, the export price reached the peak level of $X per square meter. From 2016 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lebanon ($X per square meter), while the average price for exports to Kuwait ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+35.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drawn Glass And Blown Glass

Imports into the United Arab Emirates

In 2021, supplies from abroad of drawn glass and blown glass was finally on the rise to reach X square meters after two years of decline. Overall, imports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of 182% against the previous year. As a result, imports reached the peak of X square meters. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, drawn glass and blown glass imports fell to $X in 2021. Over the period under review, imports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2018 when imports increased by 198%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Saudi Arabia (X square meters), India (X square meters) and China (X square meters) were the main suppliers of drawn glass and blown glass imports to the United Arab Emirates.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +319.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Saudi Arabia ($X) were the largest drawn glass and blown glass suppliers to the United Arab Emirates, with a combined 24% share of total imports. The United States, Jordan, Singapore, Canada and Oman lagged somewhat behind, together comprising a further 2.6%.

In terms of the main suppliers, Singapore, with a CAGR of +243.2%, 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 2021, the average import price for drawn glass and blown glass amounted to $X per square meter, shrinking by -33.6% against the previous year. In general, the import price, however, posted notable growth. The most prominent rate of growth was recorded in 2020 an increase of 54% against the previous year. As a result, import price reached the peak level of $X per square meter, and then contracted notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per square meter), while the price for Saudi Arabia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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