Qatar - Hot-Rolled Steel Bars and Rods - Market Analysis, Forecast, Size, Trends and Insights
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View PricingQatar Sees Significant Surge in Exporting Hot-Rolled Steel Bar and Rod, Reaching $260M in 2023
Qatar Hot-Rolled Steel Bar and Rod Exports
In 2023, overseas shipments of hot-rolled steel bars and rods increased by 200% to 748K tons, rising for the second year in a row after two years of decline. Over the period under review, exports recorded a modest expansion. The exports peaked at 1.2M tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.
In value terms, hot-rolled steel bar and rod exports skyrocketed to $260M (IndexBox estimates) in 2023. Overall, exports, however, continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2018 with an increase of 105%. Over the period under review, the exports hit record highs at $523M in 2019; however, from 2020 to 2023, the exports failed to regain momentum.
| COUNTRY | Export Value of Hot-Rolled Steel Bar and Rod in Qatar (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Hong Kong | N/A | N/A | N/A | N/A | 50.0 | 139 | 261 | 41.6 | 82.5 | 97.5 | 157 |
| Singapore | N/A | N/A | N/A | N/A | 73.8 | 196 | 169 | 47.9 | 15.3 | 38.8 | 81.5 |
| Indonesia | N/A | N/A | N/A | N/A | N/A | 0.5 | 11.5 | N/A | N/A | N/A | 9.5 |
| Pakistan | N/A | N/A | N/A | N/A | 1.8 | 1.5 | N/A | N/A | N/A | N/A | 6.7 |
| Bahrain | 56.2 | 89.7 | 61.0 | 71.8 | 29.5 | N/A | N/A | N/A | N/A | N/A | 2.9 |
| United Arab Emirates | 88.5 | 89.5 | 83.0 | 77.3 | 26.1 | N/A | N/A | N/A | N/A | N/A | 0.8 |
| Saudi Arabia | 152 | 113 | 72.2 | 31.5 | 3.2 | N/A | N/A | N/A | 0.4 | N/A | N/A |
| Oman | 44.6 | 59.1 | 12.5 | 5.5 | 5.1 | 3.4 | 0.9 | 0.1 | N/A | N/A | N/A |
| Kuwait | 58.0 | 76.8 | 16.0 | 4.2 | 5.1 | 8.4 | N/A | N/A | N/A | N/A | N/A |
| Others | 0.9 | 15.9 | 2.6 | 0.7 | 0.1 | 49.9 | 80.7 | 5.9 | 17.9 | 8.8 | 1.5 |
| Total | 400 | 444 | 247 | 191 | 195 | 399 | 523 | 95.4 | 116 | 145 | 260 |
Exports by Country
Hong Kong (377K tons), Singapore (216K tons) and Indonesia (121K tons) were the main destinations of hot-rolled steel bar and rod exports from Qatar, with a combined 95% share of total exports.
From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +161.1%), while the other leaders experienced more modest paces of growth.
In value terms, Hong Kong ($157M), Singapore ($81M) and Indonesia ($9.5M) appeared to be the largest markets for hot-rolled steel bar and rod exported from Qatar worldwide, with a combined 95% share of total exports.
Indonesia, with a CAGR of +78.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Exports by Type
Iron or non-alloy steel; bars and rods, not further worked than forged, hot-rolled, hot drawn or hot-extruded, but including those twisted after rolling (206K tons) was the largest type of hot-rolled steel bars and rods exported from Qatar, with a 100% share of total exports. It was followed by hot-rolled round bars of stainless steel (113 tons), with a 0.1% share of total exports.
From 2013 to 2021, the average annual growth rate of the volume of iron or non-alloy steel; bars and rods, not further worked than forged, hot-rolled, hot drawn or hot-extruded, but including those twisted after rolling exports stood at -13.1%. With regard to the other exported products, the following average annual rates of growth were recorded: hot-rolled round bars of stainless steel (+50.6% per year) and steel, alloy; bars and rods, hot-rolled, in irregularly wound coils (-5.7% per year).
In value terms, iron or non-alloy steel; bars and rods, not further worked than forged, hot-rolled, hot drawn or hot-extruded, but including those twisted after rolling ($116M) remains the largest type of hot-rolled steel bars and rods exported from Qatar, comprising 100% of total exports. The second position in the ranking was held by hot-rolled round bars of stainless steel ($92K), with a 0.1% share of total exports.
From 2013 to 2021, the average annual growth rate of the value of iron or non-alloy steel; bars and rods, not further worked than forged, hot-rolled, hot drawn or hot-extruded, but including those twisted after rolling exports amounted to -14.3%. With regard to the other exported products, the following average annual rates of growth were recorded: hot-rolled round bars of stainless steel (+43.8% per year) and steel, alloy; bars and rods, hot-rolled, in irregularly wound coils (+1.4% per year).
Export Prices by Country
In 2023, the hot-rolled steel bar and rod price stood at $348 per ton (FOB, Qatar), which is down by -40.3% against the previous year. Over the period under review, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 an increase of 37% against the previous year. Over the period under review, the average export prices hit record highs at $634 per ton in 2013; however, from 2014 to 2023, 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 Oman ($6,067 per ton), while the average price for exports to Indonesia ($78 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the market for hot-rolled steel bar and rod in Qatar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
- Prodcom 24106120 - Wire rod of free-cutting steel
- Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
- Prodcom 24106140 - Wire rod for tyre cord
- Prodcom 24106190 - Other wire rod (of non-alloy steel)
- Prodcom 24106210 - Hot-rolled concrete reinforcing bars
- Prodcom 24106230 - Hot-rolled bars in free-cutting steels
- Prodcom 24106250 - Forged bars of steel and hot-rolled bars (excluding hollow drill bars and rods) of non-alloy steel (of other than of free-cutting steel)
- Prodcom 24106300 - Hot-rolled wire rod in coil, of stainless steel
- Prodcom 24106410 - Hot-rolled round bars, of stainless steel
- Prodcom 24106430 - Bars and rods of stainless steel, only hot-rolled, only hotdrawn or only extruded (excluding of circular cross-section)
- Prodcom 24106510 - Bars and rods of high-speed steel, hot-rolled, in irregularly wound coils
- Prodcom 24106530 - Bars and rods of silico-manganese steel, hot-rolled, in irregularly wound coils
- Prodcom 24106550 - Hot-rolled wire rod, of bearing steel
- Prodcom 24106570 - Bars and rods of alloy steel other than stainless, hot-rolled, in irregularly wound coils (excluding products of bearing steel, h igh-speed steel or silico-manganese steel)
- Prodcom 24106630 - Hot-rolled bars in bearing steels
- Prodcom 24106640 - Hot-rolled bars in tool steels
- Prodcom 24106650 - Hot-rolled bars (excluding hollow drill bars and rods) of alloy steel (other than of stainless, tool, silico-manganese, bearing and high speed steel)
Country coverage:
- Qatar
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Qatar
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
