Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Saudi Arabia - 2022
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Saudi Arabia (FOB) - 2022
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Saudi Arabia (CIF) - 2022
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Saudi Arabia
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Saudi Arabia
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Saudi Arabia (FOB) - 2022
The average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $1,894 per ton in 2021, surging by 24% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $2,020 per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($3,340 per ton), while the average price for exports to India ($741 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 Oman (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Saudi Arabia (CIF) - 2022
In 2021, the average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $1,971 per ton, jumping by 25% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) decreased by -5.7% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 62% against the previous year. As a result, import price attained the peak level of $2,619 per ton. From 2017 to 2021, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($5,083 per ton), while the price for Malaysia ($932 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+10.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Saudi Arabia
In 2022, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) from Saudi Arabia reduced markedly to 13K tons, which is down by -44.4% on the year before. Over the period under review, exports saw a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 6.5% against the previous year.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) shrank dramatically to $32M in 2022. In general, exports recorded a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by 33%.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United Arab Emirates | 18.7 | 8.1 | 11.8 | -20.6% | |
| Egypt | 0.9 | 1.4 | 7.3 | 184.8% | |
| Bahrain | 6.4 | 8.1 | 4.2 | -19.0% | |
| Kuwait | 18.0 | 6.6 | 4.1 | -52.3% | |
| Oman | 1.1 | 1.1 | 3.8 | 85.9% | |
| India | 1.4 | 2.0 | 1.8 | 13.4% | |
| Spain | N/A | 0.2 | 1.4 | 600.0% | |
| Others | 4.8 | 4.9 | 8.6 | 33.9% | |
| Total | 51.4 | 32.5 | 43.0 | -8.5% | |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from Saudi Arabia in 2022:
- United Arab Emirates (5.6K tons)
- Egypt (3.2K tons)
- India (2.4K tons)
- Bahrain (2.2K tons)
- Kuwait (2.0K tons)
- Oman (1.6K tons)
- Spain (1.1K tons)
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Saudi Arabia
In 2021, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) into Saudi Arabia soared to 83K tons, with an increase of 16% compared with 2020. Overall, imports, however, recorded a noticeable shrinkage.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) surged to $164M in 2021. In general, imports, however, showed a abrupt decline.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 52.9 | 37.0 | 59.7 | 6.2% | |
| Bahrain | 9.7 | 8.7 | 50.3 | 127.7% | |
| United Arab Emirates | 76.2 | 23.3 | 16.9 | -52.9% | |
| Kuwait | 11.2 | 11.2 | 10.5 | -3.2% | |
| Taiwan (Chinese) | 0.5 | 4.8 | 3.6 | 168.3% | |
| Malaysia | 4.8 | 1.9 | 2.7 | -25.0% | |
| United States | 7.3 | 4.6 | 1.9 | -49.0% | |
| Others | 25.1 | 21.0 | 18.4 | -14.4% | |
| Total | 188 | 113 | 164 | -6.6% | |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to Saudi Arabia in 2022:
- China (43.6K tons)
- Bahrain (18.7K tons)
- Kuwait (6.2K tons)
- United Arab Emirates (3.3K tons)
- Malaysia (2.9K tons)
- Taiwan (Chinese) (2.5K tons)
- United States (0.8K tons)
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