Qatar: Ether Market 2024

Ether Market Size in Qatar

In 2022, the Qatari ether market decreased by less than 0.1% to $X, falling for the fourth consecutive year after two years of growth. Over the period under review, consumption, however, posted perceptible growth. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Ether Production in Qatar

In value terms, ether production skyrocketed to $X in 2022 estimated in export price. Overall, production posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 23,154,456,300% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Ether Exports

Exports from Qatar

In 2022, the amount of ethers exported from Qatar soared to X tons, with an increase of 34% against the year before. The total export volume increased at an average annual rate of +7.7% over the period from 2020 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ether exports soared to $X in 2022. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X tons) was the main destination for ether exports from Qatar, accounting for a 23% share of total exports. Moreover, ether exports to Singapore exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was held by Brunei Darussalam (X tons), with a 6.1% share.

From 2020 to 2022, the average annual rate of growth in terms of volume to Singapore stood at -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+123.0% per year) and Brunei Darussalam (0.0% per year).

In value terms, Singapore ($X), Brunei Darussalam ($X) and the United States ($X) appeared to be the largest markets for ether exported from Qatar worldwide, with a combined 39% share of total exports.

The United States, with a CAGR of +351.0%, saw the highest growth rate of 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.

Export Prices by Country

In 2022, the average ether export price amounted to $X per ton, surging by 38% against the previous year. Overall, the export price recorded significant growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by 83% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+103.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ether Imports

Imports into Qatar

In 2022, overseas purchases of ethers decreased by -33.8% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 163%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, ether imports dropped to $X in 2022. Overall, imports, however, saw buoyant growth. The growth pace was the most rapid in 2014 with an increase of 140%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest ether supplier to Qatar, with a 50% share of total imports. Moreover, ether imports from South Korea exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea totaled +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+31.0% per year) and Taiwan (Chinese) (+32.2% per year).

In value terms, South Korea ($X) constituted the largest supplier of ethers to Qatar, comprising 37% of total imports. The second position in the ranking was taken by India ($X), with a 12% share of total imports. It was followed by Turkey, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value from South Korea amounted to +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+34.7% per year) and Turkey (+31.7% per year).

Import Prices by Country

In 2022, the average ether import price amounted to $X per ton, picking up by 32% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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