Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in the United Arab Emirates - 2022
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in the United Arab Emirates (CIF) - 2022
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in the United Arab Emirates (FOB) - 2022
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in the United Arab Emirates
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in the United Arab Emirates
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in the United Arab Emirates (CIF) - 2022
The average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $2,023 per ton in 2022, surging by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($5,039 per ton), while the price for Oman ($759 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $3,356 per ton, picking up by 20% against the previous year. Over the period under review, the export price, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2019 an increase of 66% against the previous year. As a result, the export price attained the peak level of $4,931 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($6,841 per ton), while the average price for exports to India ($1,831 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 Oman (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in the United Arab Emirates
In 2022, approx. 62K tons of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) were imported into the United Arab Emirates; waning by -21% on the previous year's figure. Over the period under review, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 8.9% against the previous year.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) contracted to $125M in 2022. Overall, imports saw a perceptible reduction. The pace of growth was the most pronounced in 2021 with an increase of 25%.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 65.0 | 46.7 | 72.8 | 74.7 | 4.7% |
| India | 5.6 | 9.3 | 6.2 | 8.2 | 13.6% |
| Kuwait | 11.8 | 7.6 | 7.3 | 6.6 | -17.6% |
| Bahrain | 3.5 | 7.5 | 6.1 | 5.1 | 13.4% |
| United States | 4.7 | 2.7 | 5.3 | 5.0 | 2.1% |
| South Korea | 3.7 | 0.8 | 2.2 | 2.8 | -8.9% |
| Oman | 1.4 | 2.2 | 0.7 | 0.6 | -24.6% |
| Saudi Arabia | 18.7 | 8.1 | 11.8 | N/A | -20.6% |
| Others | 24.0 | 22.5 | 21.9 | 22.3 | -2.4% |
| Total | 138 | 107 | 134 | 125 | -3.2% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to the United Arab Emirates in 2022:
- China (46.7K tons)
- Bahrain (4.8K tons)
- Kuwait (2.0K tons)
- India (1.6K tons)
- South Korea (1.5K tons)
- United States (1.2K tons)
- Oman (0.8K tons)
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in the United Arab Emirates
For the third consecutive year, the United Arab Emirates recorded decline in overseas shipments of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics), which decreased by -40.8% to 9.7K tons in 2022. In general, exports faced a dramatic setback. The smallest decline of -13.7% was in 2021.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) dropped notably to $33M in 2022. Over the period under review, exports continue to indicate a dramatic shrinkage. The smallest decline of -17.7% was in 2021.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.2 | 1.2 | 4.7 | 8.3 | 37.4% |
| Oman | 15.3 | 8.3 | 5.9 | 5.9 | -27.2% |
| Kuwait | 6.0 | 1.9 | 1.2 | 3.5 | -16.4% |
| Indonesia | 0.9 | 1.2 | 0.2 | 3.2 | 52.6% |
| Italy | 0.3 | 0.3 | 1.0 | 1.7 | 78.3% |
| Bahrain | 4.5 | 5.7 | 2.1 | 1.5 | -30.7% |
| India | 3.6 | 1.8 | 2.4 | 1.4 | -27.0% |
| Iran | 1.3 | 2.1 | 3.3 | N/A | 59.3% |
| Saudi Arabia | 76.7 | 23.6 | 17.1 | N/A | -52.8% |
| Others | 9.1 | 9.5 | 7.9 | 7.2 | -7.5% |
| Total | 121 | 55.7 | 45.9 | 32.6 | -35.4% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from the United Arab Emirates in 2022:
- Oman (2.3K tons)
- United States (2.3K tons)
- Kuwait (1.0K tons)
- India (0.8K tons)
- Bahrain (0.6K tons)
- Italy (0.6K tons)
- Indonesia (0.5K tons)
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