GCC: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in GCC

The GCC glass fibre fabrics market rose to $X in 2022, picking up by X% against the previous year. In general, consumption, however, showed a abrupt curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Glass Fibre Fabrics Production in GCC

In value terms, glass fibre fabrics production surged to $X in 2022 estimated in export price. Overall, production posted strong growth. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Glass Fibre Fabrics Exports

Exports in GCC

In 2022, overseas shipments of glass fibre fabrics decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then dropped markedly in the following year.

In value terms, glass fibre fabrics exports fell dramatically to $X in 2022. Over the period under review, exports, however, saw strong growth. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell significantly in the following year.

Exports by Country

In 2022, Kuwait (X tons) was the largest exporter of glass fibre fabrics, making up X% of total exports. The United Arab Emirates (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Saudi Arabia (X%). Bahrain (X tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre fabrics supplying countries in GCC were the United Arab Emirates ($X), Kuwait ($X) and Saudi Arabia ($X), with a combined X% share of total exports.

Kuwait, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, showed a mild downturn. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Glass Fibre Fabrics Imports

Imports in GCC

In 2022, the amount of glass fibre fabrics imported in GCC declined to X tons, falling by X% on 2021 figures. Over the period under review, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, glass fibre fabrics imports shrank to $X in 2022. Overall, imports showed a perceptible shrinkage. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the main importer of glass fibre fabrics in GCC, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. Saudi Arabia (X tons) held the second position in the ranking, distantly followed by Oman (X tons). All these countries together held approx. X% share of total imports. Kuwait (X tons) and Qatar (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre fabrics importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Kuwait ($X), together comprising X% of total imports. Oman and Qatar lagged somewhat behind, together comprising a further X%.

Oman, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, dropping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kuwait ($X per ton), while Oman ($X per ton) 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 a decline in the import price figures.

Source: IndexBox Platform

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