Report Update Nov 1, 2024

Qatar - Interchangeable Spanner Sockets - Market Analysis, Forecast, Size, Trends and Insights

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Qatar: Interchangeable Spanner Socket Market 2024

Interchangeable Spanner Socket Market Size in Qatar

The Qatari interchangeable spanner socket market reduced markedly to $X in 2022, declining by -22.5% against the previous year. Overall, consumption, however, showed temperate growth. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Interchangeable Spanner Socket Production in Qatar

In value terms, interchangeable spanner socket production totaled $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with a decrease of 99.9% against the previous year. Interchangeable spanner socket production peaked in 2022 and is likely to continue growth in the immediate term.

Interchangeable Spanner Socket Imports

Imports into Qatar

In 2022, the amount of interchangeable spanner sockets imported into Qatar declined rapidly to X tons, waning by -27.6% compared with 2021. Over the period under review, imports, however, saw tangible growth. The growth pace was the most rapid in 2014 when imports increased by 122%. 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, interchangeable spanner socket imports shrank modestly to $X in 2022. Overall, imports, however, posted a moderate expansion. The pace of growth was the most pronounced in 2014 when imports increased by 228% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and India (X tons) were the main suppliers of interchangeable spanner socket imports to Qatar, together comprising 90% of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +30.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of interchangeable spanner sockets to Qatar, comprising 35% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by India, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Taiwan (Chinese) amounted to +16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.3% per year) and India (+5.0% per year).

Import Prices by Country

In 2022, the average interchangeable spanner socket import price amounted to $X per ton, increasing by 32% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 78% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+27.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for interchangeable spanner sockets in the world?

The countries with the highest volumes of interchangeable spanner socket consumption in 2021 were China, the United States and India, with a combined 50% share of global consumption. Russia, Germany, Mexico, Turkey, Japan, the UK, Spain, the Netherlands, Poland and Taiwan Chinese) lagged somewhat behind, together comprising a further 28%.

What are the largest producers of interchangeable spanner sockets in the world?

The country with the largest volume of interchangeable spanner socket production was China, accounting for 46% of total volume. Moreover, interchangeable spanner socket production in China exceeded the figures recorded by the second-largest producer, Taiwan Chinese), twofold. India ranked third in terms of total production with a 10% share.

What are the leading suppliers of interchangeable spanner sockets to Qatar?

In value terms, the largest interchangeable spanner socket suppliers to Qatar were Taiwan Chinese), China and Germany, together accounting for 64% of total imports.

What are the leading importers of interchangeable spanner sockets from Qatar?

In value terms, Sweden, the United Arab Emirates and Kuwait appeared to be the largest markets for interchangeable spanner socket exported from Qatar worldwide, with a combined 85% share of total exports. Germany, Saudi Arabia and Oman lagged somewhat behind, together comprising a further 15%.

What is the average export price for interchangeable spanner sockets in Qatar?

In 2015, the average interchangeable spanner socket export price amounted to $5,511 per ton, approximately reflecting the previous year.

What is the average import price for interchangeable spanner sockets in Qatar?

The average interchangeable spanner socket import price stood at $8,130 per ton in 2021, declining by -39.6% against the previous year.

This report provides an in-depth analysis of the interchangeable spanner socket 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:

Prodcom 25733037 - Interchangeable spanner sockets

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023