Qatar: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Qatar

After ten years of growth, the Qatari halogenated hydrocarbon derivative market decreased by -27.4% to $X in 2022. Over the period under review, consumption, however, recorded a prominent expansion. As a result, consumption attained the peak level of $X, and then fell rapidly in the following year.

Halogenated Hydrocarbon Derivative Production in Qatar

In value terms, halogenated hydrocarbon derivative production surged to $X in 2022 estimated in export price. In general, production, however, faced a abrupt descent. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Halogenated Hydrocarbon Derivative Exports

Exports from Qatar

In 2022, exports of halogenated derivatives of hydrocarbons from Qatar surged to X tons, jumping by 36% compared with the previous year. In general, total exports indicated a significant expansion from 2020 to 2022: its volume increased at an average annual rate of +20.5% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.3% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, halogenated hydrocarbon derivative exports shrank to $X in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 99% against the previous year. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

India (X tons) was the main destination for halogenated hydrocarbon derivative exports from Qatar, with a approx. 95% share of total exports.

From 2020 to 2022, the average annual rate of growth in terms of volume to India amounted to +23.3%.

In value terms, India ($X) also remains the key foreign market for halogenated derivatives of hydrocarbons exports from Qatar.

From 2020 to 2022, the average annual growth rate of value to India stood at +42.2%.

Export Prices by Country

In 2022, the average halogenated hydrocarbon derivative export price amounted to $X per ton, reducing by -27% against the previous year. In general, the export price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2021 an increase of 87%. As a result, the export price reached the peak level of $X per ton, and then fell dramatically in the following year.

As there is only one major export destination, the average price level is determined by prices for India.

From 2020 to 2022, the rate of growth in terms of prices for Pakistan amounted to +191.4% per year.

Halogenated Hydrocarbon Derivative Imports

Imports into Qatar

Halogenated hydrocarbon derivative imports into Qatar reached X tons in 2022, with an increase of 4.7% on the previous year. In general, imports, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 38%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, halogenated hydrocarbon derivative imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2017 when imports increased by 55%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons), China (X tons) and Germany (X tons) were the main suppliers of halogenated hydrocarbon derivative imports to Qatar, with a combined 75% share of total imports. France, the United States, Italy and the Czech Republic lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +15.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest halogenated hydrocarbon derivative suppliers to Qatar were India ($X), China ($X) and the United States ($X), together comprising 82% of total imports.

The United States, with a CAGR of +11.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average halogenated hydrocarbon derivative import price stood at $X per ton in 2022, growing by 30% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, halogenated hydrocarbon derivative import price increased by +45.1% against 2020 indices. The growth pace was the most rapid in 2017 when the average import price increased by 45% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 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 the United States ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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