Qatar: Market for Raw Steel And Steel Semi-Finished Products 2024

Market Size for Raw Steel And Steel Semi-Finished Products in Qatar

In 2021, the Qatari market for raw steel and steel semi-finished products increased by 0.7% to $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -12.8% against 2018 indices. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Raw Steel And Steel Semi-Finished Products in Qatar

In value terms, production of raw steel and steel semi-finished products expanded sharply to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 80% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production of growth remained at a somewhat lower figure.

Exports of Raw Steel And Steel Semi-Finished Products

Exports from Qatar

In 2015, after two years of decline, there was decline in overseas shipments of raw steel and steel semi-finished products, when their volume decreased by 0% to X tons. Overall, exports continue to indicate a relatively flat trend pattern. The smallest decline of 99.9% was in 2013. The exports peaked at X tons in 2012; however, from 2013 to 2015, the exports stood at a somewhat lower figure.

In value terms, exports of raw steel and steel semi-finished products totaled $X in 2015. In general, exports recorded a abrupt slump. The smallest decline of 99.9% was in 2013. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2015, the exports failed to regain momentum.

Exports by Country

From 2012 to 2019, the average annual rate of growth in terms of volume to No country was relatively modest.

From 2012 to 2019, the average annual growth rate of value to No country was relatively modest.

Export Prices by Country

The average export price for raw steel and steel semi-finished products stood at $X per ton in 2015, approximately equating the previous year. Overall, the export price recorded a abrupt descent. The pace of growth appeared the most rapid in 2013 when the average export price decreased by 99.9%. The export price peaked at $X per ton in 2012; however, from 2013 to 2015, the export prices remained at a lower figure.

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

From 2012 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+85.5%).

Imports of Raw Steel And Steel Semi-Finished Products

Imports into Qatar

In 2021, supplies from abroad of raw steel and steel semi-finished products decreased by -77.6% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 7,274%. Over the period under review, imports of hit record highs at X tons in 2020, and then declined notably in the following year.

In value terms, imports of raw steel and steel semi-finished products declined rapidly to $X in 2021. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 1,906%. Over the period under review, imports of hit record highs at $X in 2020, and then reduced sharply in the following year.

Imports by Country

In 2021, Ukraine (X tons) constituted the largest raw steel and steel semi-finished products supplier to Qatar, accounting for a 73% share of total imports. Moreover, imports of raw steel and steel semi-finished products from Ukraine exceeded the figures recorded by the second-largest supplier, Oman (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from Ukraine totaled +178.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+180.3% per year) and Turkey (-54.7% per year).

In value terms, Ukraine ($X) constituted the largest supplier of raw steel and steel semi-finished products to Qatar, comprising 83% of total imports. The second position in the ranking was held by Oman ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Ukraine amounted to +167.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+117.4% per year) and Turkey (-40.5% per year).

Import Prices by Country

In 2021, the average import price for raw steel and steel semi-finished products amounted to $X per ton, rising by 150% against the previous year. Overall, the import price, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by 163% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+31.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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