Qatar: Market for Conveyor Or Transmission Belts Or Belting 2025

Market Size for Conveyor Or Transmission Belts Or Belting in Qatar

In 2021, the Qatari conveyor or transmission belt market increased by 11% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate a buoyant expansion. Conveyor or transmission belt consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Exports of Conveyor Or Transmission Belts Or Belting

Exports from Qatar

In 2020, shipments abroad of conveyor or transmission belts or belting decreased by -87.6% to X tons for the first time since 2015, thus ending a four-year declining trend. In general, exports, however, recorded a significant increase. The smallest decline of -30.5% was in 2016. The exports peaked at X tons in 2019, and then contracted rapidly in the following year.

In value terms, conveyor or transmission belt exports fell dramatically to $X in 2020. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 238% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019, and then dropped dramatically in the following year.

Exports by Country

From 2012 to 2021, the average annual growth rate of volume to No country was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates totaled +78.4%.

Export Prices by Country

In 2015, the average conveyor or transmission belt export price amounted to $X per ton, almost unchanged from the previous year. Overall, the export price saw a mild reduction. The most prominent rate of growth was recorded in 2013 when the average export price decreased by 99.9% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2015, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2015, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Saudi Arabia amounted to $X per ton.

From 2012 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+75.4%).

Imports of Conveyor Or Transmission Belts Or Belting

Imports into Qatar

In 2021, overseas purchases of conveyor or transmission belts or belting were finally on the rise to reach X tons after three years of decline. In general, imports recorded a resilient increase. The growth pace was the most rapid in 2014 with an increase of 188%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, conveyor or transmission belt imports stood at $X in 2021. Over the period under review, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2014 when imports increased by 235%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), India (X tons) and Japan (X tons) were the main suppliers of conveyor or transmission belt imports to Qatar, with a combined 53% share of total imports. These countries were followed by Germany, the Netherlands, Turkey, Poland, Italy, Taiwan (Chinese), Thailand, South Korea, Indonesia and the United States, which together accounted for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +118.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest conveyor or transmission belt suppliers to Qatar were Japan ($X), Germany ($X) and China ($X), together accounting for 51% of total imports. India, the Netherlands, the United States, Italy, Poland, Indonesia, South Korea, Thailand, Taiwan (Chinese) and Turkey lagged somewhat behind, together accounting for a further 38%.

Taiwan (Chinese), with a CAGR of +36.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average conveyor or transmission belt import price amounted to $X per ton, growing by 3.4% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 45%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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