Report Update Nov 1, 2024

Qatar - Crude Petroleum Oil - Market Analysis, Forecast, Size, Trends and Insights

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Qatar: Crude Oil Market 2024

Crude Oil Market Size in Qatar

The Qatari crude oil market declined to $X in 2022, with a decrease of -7.3% against the previous year. Overall, consumption showed a deep downturn. Crude oil consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Crude Oil Production in Qatar

In value terms, crude oil production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2018 when the production volume increased by 16%. Crude oil production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Crude Oil Exports

Exports from Qatar

For the third consecutive year, Qatar recorded growth in overseas shipments of crude petroleum oil, which increased by 5.9% to X tons in 2022. The total export volume increased at an average annual rate of +3.9% from 2020 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations 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, crude oil exports skyrocketed to $X in 2022. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 70% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Japan (X tons), China (X tons) and Singapore (X tons) were the main destinations of crude oil exports from Qatar, with a combined 72% share of total exports. India, Thailand, Myanmar, Brunei Darussalam, South Korea and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 27%.

From 2020 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brunei Darussalam (with a CAGR of +148.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crude oil exported from Qatar were Japan ($X), China ($X) and Singapore ($X), together comprising 72% of total exports. India, Thailand, Myanmar, Brunei Darussalam, South Korea and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 27%.

Brunei Darussalam, with a CAGR of +270.0%, saw the highest growth rate of the value of exports, in terms of 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

The average crude oil export price stood at $X per ton in 2022, with an increase of 43% against the previous year. Overall, the export price recorded significant growth. The most prominent rate of growth was recorded in 2021 an increase of 67%. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Myanmar ($X per ton) and India ($X per ton), while the average price for exports to South Korea ($X per ton) and China ($X per ton) were amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+87.3%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Oil Imports

Imports into Qatar

In 2022, the amount of crude petroleum oil imported into Qatar soared to X tons, with an increase of 197,274% on 2021 figures. In general, imports, however, showed a dramatic downturn. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, crude oil imports surged to $X in 2022. Overall, imports enjoyed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest crude oil supplier to Qatar, accounting for a 46% share of total imports. Moreover, crude oil imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold.

From 2016 to 2022, the average annual growth rate of volume from Spain totaled +174,594.7%.

In value terms, Spain ($X) constituted the largest supplier of crude petroleum oil to Qatar, comprising 39% of total imports. The second position in the ranking was held by France ($X), with an 11% share of total imports.

From 2016 to 2022, the average annual growth rate of value from Spain amounted to +148,380.9%.

Import Prices by Country

The average crude oil import price stood at $X per ton in 2022, remaining constant against the previous year. Overall, the import price recorded a significant expansion. The pace of growth was the most pronounced in 2021 an increase of 1,722%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 France ($X per ton), while the price for Spain stood at $X per ton.

From 2016 to 2022, the most notable rate of growth in terms of prices was attained by Oman (-13.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude petroleum oil in the world?

The countries with the highest volumes of in 2021 were the United States, China and Russia, with a combined 45% share of global consumption. These countries were followed by India, Saudi Arabia, South Korea, Japan, Brazil, Canada, Israel, Germany, the Netherlands and Thailand, which together accounted for a further 28%.

What are the largest producers of crude petroleum oil in the world?

The countries with the highest volumes of in 2021 were the United States, Russia and Saudi Arabia, with a combined 42% share of global production.

What are the leading suppliers of crude petroleum oil to Qatar?

In value terms, Spain, Oman and the United States were the largest crude oil suppliers to Qatar, with a combined 0.4% share of total imports.

What are the leading importers of crude petroleum oil from Qatar?

In value terms, Japan remains the key foreign market for crude oil exports from Qatar, comprising 37% of total exports. The second position in the ranking was occupied by China, with an 18% share of total exports. It was followed by Singapore, with an 18% share.

What is the average export price for crude petroleum oil in Qatar?

In 2020, the average crude oil export price amounted to $320 per ton, declining by -38.1% against the previous year.

What is the average import price for crude petroleum oil in Qatar?

In 2021, the average crude oil import price amounted to $85 per ton, declining by -84.4% against the previous year.

This report provides an in-depth analysis of the crude oil 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:

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
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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
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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