Qatar - Iron and Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingQatar Witnesses 3% Increase in Iron and Steel Price, Reaching $410 per Ton
Qatar Iron and Steel Export Price in May 2023
In May 2023, the iron and steel price stood at $410 per ton (FOB, Qatar), surging by 2.6% against the previous month. In general, the export price, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 42% month-to-month. Over the period under review, the average export prices hit record highs at $578 per ton in May 2022; however, from June 2022 to May 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Kuwait.
From May 2022 to May 2023, the rate of growth in terms of prices for Oman amounted to 0.0% per month.
| COUNTRY | Export Price of Iron and Steel in Qatar (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | |
| Kuwait | 578 | 461 | 341 | 367 | 348 | 274 | 274 | N/A | N/A | N/A | 384 | 410 | 410 |
| Oman | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 405 | N/A |
| India | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 390 | 357 | N/A | N/A | N/A | N/A |
| South Korea | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 390 | N/A |
| Average | 578 | 461 | 341 | 368 | 348 | 274 | 274 | 390 | 357 | N/A | 384 | 400 | 410 |
Qatar Iron and Steel Export Prices by Type
As there is only one major exported type of iron and steel, the average price level is determined by prices for pig iron and spiegeleisen.
From May 2022 to May 2023, the rate of growth in terms of prices for iron and non-alloy steel in ingot amounted to 0.0% per month.
Qatar Iron and Steel Exports
In May 2023, overseas shipments of iron and steel decreased by -68.5% to 35K tons for the first time since February 2023, thus ending a two-month rising trend. Overall, exports saw a deep downturn. The growth pace was the most rapid in April 2023 when exports increased by 218% m-o-m. As a result, the exports reached the peak of 110K tons, and then fell remarkably in the following month.
In value terms, iron and steel exports reduced notably to $14M (IndexBox estimates) in May 2023. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in April 2023 when exports increased by 231% against the previous month. As a result, the exports reached the peak of $44M, and then fell significantly in the following month.
Qatar Iron and Steel Exports by Type
Pig iron and spiegeleisen (35K tons) was the largest type of iron and steel exported from Qatar, accounting for a approximately 100% share of total exports.
From May 2022 to May 2023, the average monthly rate of growth in terms of the volume of export of pig iron and spiegeleisen totaled -5.6%.
In value terms, pig iron and spiegeleisen ($14M) also remains the largest type of iron and steel exported from Qatar.
From May 2022 to May 2023, the average monthly rate of growth in terms of the export volume of pig iron and spiegeleisen stood at -8.3%.
Qatar Iron and Steel Exports by Country
Kuwait (35K tons) was the main destination for iron and steel exports from Qatar, accounting for a approximately 100% share of total exports.
From May 2022 to May 2023, the average monthly growth rate of volume to Kuwait totaled -5.6%.
In value terms, Kuwait ($14M) emerged as the key foreign market for iron and steel exports from Qatar.
From May 2022 to May 2023, the average monthly growth rate of value to Kuwait stood at -8.3%.
This report provides an in-depth analysis of the iron and steel market 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:
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 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- 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 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
