Qatar: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in Qatar

In 2021, the Qatari polyethylene in primary forms market decreased by -36.3% to $X, falling for the third year in a row after five years of growth. Over the period under review, consumption, however, enjoyed a tangible increase. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Polyethylene in Primary Forms in Qatar

In value terms, polyethylene in primary forms production rose to $X in 2021 estimated in export price. Overall, production, however, recorded resilient growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 65%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Polyethylene in Primary Forms

Exports from Qatar

In 2015, approx. X tons of polyethylene in primary forms were exported from Qatar; remaining relatively unchanged against the year before. In general, exports showed a precipitous slump. The smallest decline of 99.9% was in 2014. The exports peaked at X tons in 2013; however, from 2014 to 2015, the exports failed to regain momentum.

In value terms, polyethylene in primary forms exports stood at $X in 2015. Over the period under review, exports saw a precipitous shrinkage. The smallest decline of 99.9% was in 2014. The exports peaked at $X in 2013; however, from 2014 to 2015, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons) and France (X kg) were the main destinations of polyethylene in primary forms exports from Qatar, together comprising 99.9% of total exports.

From 2013 to 2015, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of -99.5%), while the other leaders experienced a decline.

From 2013 to 2015, the average annual rate of growth in terms of value to Saudi Arabia totaled -99.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-99.6% per year) and France (-99.9% per year).

Export Prices by Country

In 2015, the average polyethylene in primary forms export price amounted to $X per ton, leveling off at the previous year. Overall, the export price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 when the average export price decreased by 99.9%. Over the period under review, the average export prices hit record highs in 2015 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2015, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2013 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to France (+66.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polyethylene in Primary Forms

Imports into Qatar

In 2021, overseas purchases of polyethylene in primary forms increased by 10% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, showed a pronounced slump. The pace of growth appeared the most rapid in 2015 when imports increased by 25%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, polyethylene in primary forms imports soared to $X in 2021. In general, imports, however, showed a mild descent. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of polyethylene in primary forms to Qatar, with a 54% share of total imports. Moreover, polyethylene in primary forms imports from Thailand exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was taken by India (X tons), with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand totaled +79.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+18.3% per year) and India (+13.4% per year).

In value terms, Thailand ($X) constituted the largest supplier of polyethylene in primary forms to Qatar, comprising 49% of total imports. The second position in the ranking was held by South Korea ($X), with a 16% share of total imports. It was followed by India, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Thailand stood at +76.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+11.5% per year) and India (+11.4% per year).

Import Prices by Country

The average polyethylene in primary forms import price stood at $X per ton in 2021, with an increase of 31% against the previous year. Overall, the import price showed a relatively flat trend pattern. The import price peaked at $X per ton in 2018; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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