Waxes; Artificial, Prepared Price in Qatar - 2023
Contents:
Waxes; Artificial, Prepared Price in Qatar (CIF) - 2023
The average waxes; artificial, prepared import price stood at $9,025 per ton in June 2023, rising by 204% against the previous month. In general, the import price posted buoyant growth. Over the period under review, average import prices attained the peak figure at $10,788 per ton in March 2023; however, from April 2023 to June 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for South Korea.
From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to +20.8% per month.
Waxes; Artificial, Prepared Imports in Qatar
Waxes; artificial, prepared imports into Qatar soared to 685 tons in 2022, picking up by 16% against 2021. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +5.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -31.2% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 69%. As a result, imports attained the peak of 996 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, waxes; artificial, prepared imports skyrocketed to $2.5M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +7.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -16.0% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 49% against the previous year. As a result, imports attained the peak of $2.9M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Waxes; Artificial, Prepared in Qatar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,008 | 1,268 | 782 | 1,365 | 10.6% |
| Germany | 230 | 25.9 | 37.5 | 382 | 18.4% |
| China | N/A | 22.5 | 58.4 | 216 | 209.8% |
| South Korea | 158 | 964 | 977 | 203 | 8.7% |
| India | 16.5 | 57.3 | 55.3 | 100 | 82.3% |
| Jordan | N/A | 36.2 | 15.1 | 32.2 | -5.7% |
| Spain | N/A | 24.5 | 74.9 | 29.8 | 10.3% |
| Canada | 238 | N/A | 0.2 | 13.2 | -61.9% |
| Oman | 98.8 | N/A | 0.6 | N/A | -92.2% |
| Others | 225 | 549 | 140 | 135 | -15.7% |
| Total | 1,976 | 2,947 | 2,141 | 2,477 | 7.8% |
Top Suppliers of Waxes; Artificial, Prepared to Qatar in 2022:
- United States (404.9 tons)
- China (88.0 tons)
- Germany (47.4 tons)
- India (39.0 tons)
- Jordan (37.8 tons)
- South Korea (23.6 tons)
- Spain (9.9 tons)
- Canada (4.1 tons)
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