United Arab Emirates: Glass Closure Market 2024

Glass Closure Market Size in the United Arab Emirates

The glass closure market in the United Arab Emirates dropped slightly to $X in 2022, approximately reflecting the previous year. In general, consumption recorded a resilient expansion. 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.

Glass Closure Production in the United Arab Emirates

In value terms, glass closure production fell to $X in 2022 estimated in export price. Overall, production saw a prominent expansion. The growth pace was the most rapid in 2018 when the production volume increased by X%. Glass closure production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Glass Closure Exports

Exports from the United Arab Emirates

In 2022, overseas shipments of glass stoppers, lids and other closures increased by X% to X tons for the first time since 2014, thus ending a seven-year declining trend. Overall, exports, however, recorded a abrupt decline. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass closure exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a mild shrinkage. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for glass closure exports from the United Arab Emirates, with a X% share of total exports. Moreover, glass closure exports to Saudi Arabia exceeded the volume sent to the second major destination, Qatar (X tons), threefold. The third position in this ranking was held by China (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and China (X% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for glass stoppers, lids and other closures exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was taken by Qatar ($X), with a X% share of total exports. It was followed by Nigeria, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Nigeria (X% per year).

Export Prices by Country

The average glass closure export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price showed a buoyant expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 Nigeria ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (X%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Closure Imports

Imports into the United Arab Emirates

In 2022, the amount of glass stoppers, lids and other closures imported into the United Arab Emirates surged to X tons, growing by X% on the previous year. In general, imports, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, glass closure imports surged to $X in 2022. Overall, imports, however, saw a slight setback. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest glass closure supplier to the United Arab Emirates, accounting for a X% share of total imports. Moreover, glass closure imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), threefold. The third position in this ranking was held by Pakistan (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Pakistan (X% per year).

In value terms, China ($X) constituted the largest supplier of glass stoppers, lids and other closures to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and France (X% per year).

Import Prices by Country

The average glass closure import price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, import price indicated a tangible increase 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, glass closure import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 France ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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