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 expanded remarkably to $X in 2023, growing by X% against the previous year. In general, the total consumption indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2019 indices. Multiple-walled insulating glass unit consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

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

In value terms, multiple-walled insulating glass unit production totaled $X in 2023 estimated in export price. Overall, the total production indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2019 indices. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from Saudi Arabia

After three years of growth, shipments abroad of multiple-walled insulating units of glass decreased by X% to X square meters in 2023. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at X square meters in 2022, and then declined notably in the following year.

In value terms, multiple-walled insulating glass unit exports soared to $X in 2023. Over the period under review, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Benin (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 Benin exceeded the volume sent to the second major destination, Egypt (X square meters), more than tenfold.

From 2015 to 2023, the average annual growth rate of volume to Benin was relatively modest.

From 2015 to 2023, the average annual rate of growth in terms of value to Benin was relatively modest.

Export Prices by Country

The average multiple-walled insulating glass unit export price stood at $X per square meter in 2023, rising by X% against the previous year. Over the period under review, the export price, however, showed a deep setback. Over the period under review, the average export prices attained the maximum at $X per square meter in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

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

From 2015 to 2023, 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

Multiple-walled insulating glass unit imports into Saudi Arabia fell to X square meters in 2023, shrinking by X% on 2022 figures. In general, imports recorded a deep downturn. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the peak figure at X square meters in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, multiple-walled insulating glass unit imports dropped to $X in 2023. Over the period under review, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2023, the growth of imports remained at a lower figure.

Imports by Country

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

From 2012 to 2023, the biggest increases were recorded for Bahrain (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest multiple-walled insulating glass unit suppliers to Saudi Arabia were Bahrain ($X), the United Arab Emirates ($X) and Germany ($X), together accounting for X% of total imports.

Among the main suppliers, Bahrain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2023, the average multiple-walled insulating glass unit import price amounted to $X per square meter, with an increase of X% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, multiple-walled insulating glass unit import price decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, average import prices hit record highs at $X per square meter in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform