United Arab Emirates: Flat Glass Market 2024

Flat Glass Market Size in the United Arab Emirates

The flat glass market in the United Arab Emirates skyrocketed to $X in 2021, picking up by 22% against the previous year. In general, consumption saw a buoyant increase. Flat glass consumption peaked in 2021 and is likely to continue growth in the immediate term.

Flat Glass Production in the United Arab Emirates

In value terms, flat glass production rose rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a slight reduction. The pace of growth appeared the most rapid in 2019 when the production volume increased by 34% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

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Flat Glass Exports

Exports from the United Arab Emirates

In 2021, overseas shipments of flat glass increased by 29% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, saw a perceptible reduction. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, flat glass exports skyrocketed to $X in 2021. In general, exports, however, showed a pronounced setback. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Oman (X tons), Saudi Arabia (X tons) and Australia (X tons) were the main destinations of flat glass exports from the United Arab Emirates, with a combined 43% share of total exports. These countries were followed by New Zealand, China, Argentina, Nepal, Peru, Kenya, Chile, Egypt, India and Jordan, which together accounted for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of +353.8%), while the other leaders experienced more modest paces of growth.

In value terms, Oman ($X), Saudi Arabia ($X) and Australia ($X) constituted the largest markets for flat glass exported from the United Arab Emirates worldwide, together comprising 40% of total exports. New Zealand, Argentina, Peru, Nepal, Egypt, Kenya, Chile, Jordan, India and China lagged somewhat behind, together comprising a further 38%.

Chile, with a CAGR of +265.4%, 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 2021, the average flat glass export price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2014 an increase of 9.3% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Jordan ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+6.6%), while the prices for the other major destinations experienced a decline.

Flat Glass Imports

Imports into the United Arab Emirates

In 2021, purchases abroad of flat glass was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 41% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, flat glass imports soared to $X in 2021. The total import value increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 46%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Belgium (X tons), Saudi Arabia (X tons) and India (X tons) were the main suppliers of flat glass imports to the United Arab Emirates, with a combined 45% share of total imports. These countries were followed by China, Switzerland, Indonesia, Turkey, Germany, the United States and Luxembourg, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +63.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest flat glass suppliers to the United Arab Emirates were Saudi Arabia ($X), India ($X) and Belgium ($X), together accounting for 44% of total imports. China, Switzerland, Indonesia, Germany, Turkey, the United States and Luxembourg lagged somewhat behind, together comprising a further 23%.

Turkey, with a CAGR of +42.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average flat glass import price amounted to $X per ton, increasing by 2.9% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 16%. The import price peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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