Qatar: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Qatar

In 2021, the Qatari market for polyethylene with a specific gravity of less than X, in primary forms decreased by -51.7% to $X, falling for the third consecutive year after five years of growth. In general, consumption showed a mild slump. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Qatar

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms rose rapidly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -17.3% against 2018 indices. The pace of growth appeared the most rapid in 2017 with an increase of 51%. Over the period under review, production of attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Qatar

In 2015, exports of polyethylene with a specific gravity of less than X, in primary forms from Qatar was estimated at X tons, remaining constant against the previous year. Overall, exports continue to indicate a dramatic shrinkage. The smallest decline of 99.9% was in 2014. The exports peaked at X tons in 2013; however, from 2014 to 2015, the exports stood at a somewhat lower figure.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms totaled $X in 2015. Over the period under review, exports continue to indicate a precipitous contraction. 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 exports of polyethylene with a specific gravity of less than X, in primary forms from Qatar, with a combined 99.9% share of total exports.

From 2013 to 2015, the biggest increases were recorded for Saudi Arabia (with a CAGR of -99.5%), while shipments for the other leaders experienced a decline.

From 2013 to 2015, the average annual rate of growth in terms of value to Saudi Arabia amounted to -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 export price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, approximately reflecting the previous year. In general, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2014 when the average export price decreased by 99.9%. The export price peaked in 2015 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external 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 with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Qatar

In 2021, overseas purchases of polyethylene with a specific gravity of less than X, in primary forms increased by 6.5% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, showed a deep reduction. The pace of growth was the most pronounced in 2013 when imports increased by 20%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. In general, imports, however, recorded a abrupt shrinkage. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

India (X tons), Thailand (X tons) and South Korea (X tons) were the main suppliers of imports of polyethylene with a specific gravity of less than X, in primary forms to Qatar, together accounting for 68% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +63.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Thailand ($X) appeared to be the largest polyethylene with a specific gravity of less than X suppliers to Qatar, together comprising 67% of total imports.

In terms of the main suppliers, Thailand, with a CAGR of +60.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, with an increase of 30% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :