Qatar: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Qatar

The Qatari iron and steel wire market amounted to $X in 2020, picking up by X% against the previous year. Overall, consumption enjoyed a strong increase. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2020, consumption remained at a lower figure.

Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Qatar

In value terms, iron and steel wire production rose slightly to $X in 2020 estimated in export prices. In general, production enjoyed a strong expansion. The pace of growth appeared the most rapid in 2008 when the production volume increased by X% year-to-year. Iron and steel wire production peaked at $X in 2017; however, from 2018 to 2020, production stood at a somewhat lower figure.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports from Qatar

In 2020, after two years of decline, there was significant decline in overseas shipments of wire of iron or non-alloy steel (stainless steel or other alloy steel), when their volume decreased by -X% to X kg. In general, exports showed a sharp decline. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. As a result, exports attained the peak of X tons. from 2016 to 2020, the growth exports remained at a lower figure.

In value terms, iron and steel wire exports fell remarkably to $X in 2020. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2019, and then plummeted in the following year.

Exports by Country

India (X tons) was the main destination for iron and steel wire exports from Qatar, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to India totaled -X%.

In value terms, India ($X) also remains the key foreign market for iron and steel wire exports from Qatar.

From 2007 to 2019, the average annual growth rate of value to India amounted to +X%.

Export Prices by Country

In 2019, the average iron and steel wire export price amounted to $X per kg, approximately equating the previous year. In general, the export price showed significant growth. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The export price peaked in 2019 and is likely to see steady growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for India.

From 2007 to 2019, the rate of growth in terms of prices for India amounted to +X% per year.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports into Qatar

Iron and steel wire imports into Qatar contracted sharply to X tons in 2020, waning by -X% compared with the previous year's figure. Over the period under review, imports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Imports peaked at X tons in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

In value terms, iron and steel wire imports contracted remarkably to $X in 2020. Overall, imports recorded a sharp slump. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X tons), Germany (X tons) and South Africa (X kg) were the main suppliers of iron and steel wire imports to Qatar, with a combined X% share of total imports. Moreover, iron and steel wire imports in Indonesia exceeded the figures recorded by the second-largest supplier, Germany, twofold.

From 2007 to 2020, the biggest increases were in South Africa (+X% per year), while purchases for the other leaders experienced mixed trend patterns.

In value terms, South Africa ($X), Germany ($X) and Indonesia ($X) constituted the largest iron and steel wire suppliers to Qatar, with a combined X% share of total imports.

In terms of the main suppliers, South Africa (+X% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average iron and steel wire import price stood at $X per ton in 2020, increasing by X% against the previous year. Overall, the import price saw a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Norway ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Africa (+X% per year), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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