Qatar: Market for Railway Or Tramway Track Construction Material Of Iron Or Steel 2024

Market Size for Railway Or Tramway Track Construction Material Of Iron Or Steel in Qatar

The Qatari market for railway or tramway track construction material of iron or steel contracted to $X in 2021, almost unchanged from the previous year. Over the period under review, consumption, however, saw a significant increase. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Railway Or Tramway Track Construction Material Of Iron Or Steel in Qatar

In value terms, production of railway or tramway track construction material of iron or steel reached $X in 2021 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.5% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 37%. Production of peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Exports from Qatar

After two years of decline, shipments abroad of railway or tramway track construction material of iron or steel decreased by 0% to X tons in 2015. In general, exports recorded a significant increase. The smallest decline of 99.9% was in 2013. The exports peaked in 2015 and are expected to retain growth in years to come.

In value terms, exports of railway or tramway track construction material of iron or steel amounted to $X in 2015. Overall, exports continue to indicate a significant expansion. The smallest decline of 99.9% was in 2013. Over the period under review, the exports of hit record highs in 2015 and are likely to continue growth in the near future.

Exports by Country

From 2012 to 2021, the average annual growth rate of volume to No country was relatively modest.

From 2012 to 2021, the average annual growth rate of value to No country was relatively modest.

Export Prices by Country

The average export price for railway or tramway track construction material of iron or steel stood at $X per ton in 2015, flattening at the previous year. Over the period under review, the export price saw a abrupt slump. The pace of growth appeared the most rapid in 2013 when the average export price decreased by 99.9% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2015, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2015, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Jordan ($X per ton) was amongst the lowest.

From 2012 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-6.2%).

Imports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Imports into Qatar

In 2021, imports of railway or tramway track construction material of iron or steel into Qatar shrank significantly to X tons, with a decrease of -43.7% on the previous year's figure. In general, imports continue to indicate a sharp contraction. The pace of growth was the most pronounced in 2015 with an increase of 563% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of railway or tramway track construction material of iron or steel surged to $X in 2021. Over the period under review, imports faced a significant decrease. The most prominent rate of growth was recorded in 2016 with an increase of 101%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of iron and steel railway construction materials to Qatar, with a 59% share of total imports. Moreover, imports of railway or tramway track construction material of iron or steel from South Korea exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. Luxembourg (X tons) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea stood at -8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-25.4% per year) and Luxembourg (-7.3% per year).

In value terms, South Korea ($X) constituted the largest supplier of railway or tramway track construction material of iron or steel to Qatar, comprising 49% of total imports. The second position in the ranking was held by Germany ($X), with a 6.8% share of total imports. It was followed by India, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from South Korea stood at -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.1% per year) and India (-24.6% per year).

Import Prices by Country

The average import price for railway or tramway track construction material of iron or steel stood at $X per ton in 2021, picking up by 147% against the previous year. In general, the import price recorded prominent growth. The pace of growth appeared the most rapid in 2016 an increase of 379% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for India ($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 (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :