Report Update Nov 1, 2024

Qatar - Synthetic Rubber - Market Analysis, Forecast, Size, Trends and Insights

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Qatar: Synthetic Rubber Market 2024

Synthetic Rubber Market Size in Qatar

In 2021, the Qatari synthetic rubber market increased by 15% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, saw a drastic downturn. Synthetic rubber consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Synthetic Rubber Exports

Exports from Qatar

In 2015, synthetic rubber exports from Qatar was estimated at X tons, flattening at the previous year. Over the period under review, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the maximum in 2015 and are expected to retain growth in years to come.

In value terms, synthetic rubber exports totaled $X in 2015. In general, exports recorded a relatively flat trend pattern. The exports peaked in 2015 and are expected to retain growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) was the main destination for synthetic rubber exports from Qatar, accounting for a 56% share of total exports. Moreover, synthetic rubber exports to Saudi Arabia exceeded the volume sent to the second major destination, Pakistan (X tons), threefold. The third position in this ranking was held by Kuwait (X tons), with a 16% share.

From 2015 to 2015, the average annual rate of growth in terms of volume to Saudi Arabia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (0.0% per year) and Kuwait (0.0% per year).

In value terms, the largest markets for synthetic rubber exported from Qatar were Pakistan ($X), Kuwait ($X) and the United Arab Emirates ($X), together accounting for 85% of total exports.

The United Arab Emirates, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Synthetic Rubber Imports

Imports into Qatar

After three years of decline, supplies from abroad of synthetic rubber increased by 3.8% to X tons in 2021. Overall, imports, however, saw a slight shrinkage. The growth pace was the most rapid in 2016 when imports increased by 66% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, synthetic rubber imports skyrocketed to $X in 2021. In general, imports, however, showed a abrupt descent. The growth pace was the most rapid in 2017 when imports increased by 74%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest supplier of synthetic rubber to Qatar, with a 31% share of total imports. Moreover, synthetic rubber imports from South Korea exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. The third position in this ranking was held by Spain (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea totaled +129.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+38.9% per year) and Spain (+1.5% per year).

In value terms, the largest synthetic rubber suppliers to Qatar were Spain ($X), South Korea ($X) and the United States ($X), with a combined 59% share of total imports. These countries were followed by Malaysia, Taiwan (Chinese), Russia, Germany, the UK and France, which together accounted for a further 30%.

In terms of the main suppliers, Russia, with a CAGR of +177.1%, recorded 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

The average synthetic rubber import price stood at $X per ton in 2021, increasing by 22% against the previous year. Overall, the import price, however, recorded a deep contraction. The growth pace was the most rapid in 2017 when the average import price increased by 60%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+63.4%), 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 synthetic rubber in the world?

China remains the largest synthetic rubber consuming country worldwide, comprising approx. 31% of total volume. Moreover, synthetic rubber consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., threefold. The third position in this ranking was occupied by Japan, with a 5.3% share.

What are the largest producers of synthetic rubber in the world?

The countries with the highest volumes of synthetic rubber production in 2020 were the U.S., China and South Korea, with a combined 35% share of global production. These countries were followed by Japan, Russia, Thailand, Vietnam, Germany, Indonesia, Taiwan Chinese), Mexico, France and Italy, which together accounted for a further 43%.

What are the leading suppliers of synthetic rubber to Qatar?

In value terms, the largest synthetic rubber suppliers to Qatar were South Korea, Spain and Germany, together comprising 56% of total imports.

What are the leading importers of synthetic rubber from Qatar?

In value terms, the largest markets for synthetic rubber exported from Qatar were Pakistan, Kuwait and the United Arab Emirates, together comprising 85% of total exports.

What is the average export price for synthetic rubber in Qatar?

In 2015, the average synthetic rubber export price amounted to $1,396 per ton, therefore, remained relatively stable against the previous year.

What is the average import price for synthetic rubber in Qatar?

In 2020, the average synthetic rubber import price amounted to $1,956 per ton, approximately mirroring the previous year.

This report provides an in-depth analysis of the synthetic rubber 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 20171050 - Synthetic latex rubber
Prodcom 20171090 - Synthetic rubber (excluding latex)

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