Qatar - Iron and Steel - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 6, 2024

Qatar - Iron and Steel - Market Analysis, Forecast, Size, Trends And Insights

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Iron and Steel Price in Qatar - 2023

Contents:

  1. Iron and Steel Price in Qatar (FOB) - 2023
  2. Iron and Steel Price in Qatar (CIF) - 2023
  3. Iron and Steel Exports in Qatar
  4. Iron and Steel Imports in Qatar

Iron and Steel Price in Qatar (FOB) - 2023

The average iron and steel export price stood at $371 per ton in August 2023, leveling off at the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 42% against the previous month. Over the period under review, the average export prices reached the maximum at $410 per ton in May 2023; however, from June 2023 to August 2023, the export prices stood at a somewhat lower figure.

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

From August 2022 to August 2023, the rate of growth in terms of prices for Kuwait amounted to +1.2% per month.

Iron and Steel Price in Qatar (CIF) - 2023

In May 2023, the average iron and steel import price amounted to $1,745 per ton, reducing by -12.9% against the previous month. Over the period under review, the import price continues to indicate a drastic downturn. The pace of growth was the most pronounced in November 2022 when the average import price increased by 6.1% against the previous month. The import price peaked at $16,057 per ton in September 2022; however, from October 2022 to May 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Slovenia ($2,005 per ton), while the price for Russia stood at $784 per ton.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Slovenia (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Iron and Steel Exports in Qatar

In 2022, overseas shipments of iron and steel decreased by -50% to 35K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, posted a significant increase.

In value terms, iron and steel exports fell remarkably to $20M in 2022. Overall, exports, however, enjoyed significant growth.

Export of Iron and Steel in Qatar (Million USD)
COUNTRY201920202021CAGR,
2019-2021
KuwaitN/AN/A40.40%
OthersN/AN/AN/A0%
TotalN/AN/A40.40%

Top Export Markets for Iron and Steel from Qatar in 2022:

    Iron and Steel Imports in Qatar

    After two years of decline, purchases abroad of iron and steel increased by 33% to 1.2K tons in 2022. In general, imports, however, showed a sharp curtailment.

    In value terms, iron and steel imports surged to $1.9M in 2022. Overall, imports, however, continue to indicate a sharp decrease.

    Import of Iron and Steel in Qatar (Million USD)
    COUNTRY2019202020212022CAGR,
    2019-2022
    Slovenia0.21.01.20.644.2%
    IndiaN/A0.2N/A0.441.4%
    China0.10.1N/A0.344.2%
    Iran17.5N/AN/AN/A0%
    Iraq1.913.8N/AN/A626.3%
    Turkey14.5N/AN/AN/A0%
    Others0.6N/AN/A0.75.3%
    Total34.715.11.31.9-62.0%

    Top Suppliers of Iron and Steel to Qatar in 2022:

    1. Turkey (undefined tons)
    2. Slovenia (340.2 tons)
    3. India (309.6 tons)
    4. China (118.0 tons)

    Source: IndexBox Market Intelligence Platform

    This report provides an in-depth analysis of the iron and steel 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:

      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:

      1. How to diversify your business and benefit from new market opportunities
      2. How to load your idle production capacity
      3. How to boost your sales on overseas markets
      4. How to increase your profit margins
      5. How to make your supply chain more sustainable
      6. How to reduce your production and supply chain costs
      7. How to outsource production to other countries
      8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

        The Latest Trends and Insights into The Industry

        1. PRODUCTION VOLUME AND VALUE
      8. 8. IMPORTS

        The Largest Import Supplying Countries

        1. IMPORTS FROM 2012–2023
        2. IMPORTS BY COUNTRY
        3. IMPORT PRICES BY COUNTRY
      9. 9. EXPORTS

        The Largest Destinations for Exports

        1. EXPORTS FROM 2012–2023
        2. EXPORTS BY COUNTRY
        3. EXPORT PRICES BY COUNTRY
      10. 10. PROFILES OF MAJOR PRODUCERS

        The Largest Producers on The Market and Their Profiles

        This Chapter is Available Only for the Professional Edition PRO
      11. 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
      12. 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
      Store
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      Event
      Qatar Witnesses 3% Increase in Iron and Steel Price, Reaching $410 per Ton
      Aug 31, 2023
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      In May 2023, the Iron and Steel price reached $410 per ton (FOB, Qatar), experiencing a 2.6% growth compared to the previous month.

      Exploring the Top Import Markets for Iron and Steel
      Apr 3, 2024
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      Discover the leading countries in the global iron and steel import market and their key statistics. Learn about the trends and factors driving the demand for these crucial materials.

      Exploring the Top Import Markets for Pig Iron
      Apr 18, 2024
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      Discover the leading countries in the global import market for pig iron and the factors driving their high import volumes. Gain insights into the key players and trends shaping the industry.

      Which Country Imports the Most Pig Iron and Spiegeleisen in the World?
      May 28, 2018
      Eye 2006

      In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...

      Which Country Exports the Most Pig Iron and Spiegeleisen in the World?
      May 28, 2018
      Eye 921

      In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...

      Qatar Witnesses 3% Increase in Iron and Steel Price, Reaching $410 per Ton
      Aug 31, 2023
      Eye 493

      In May 2023, the Iron and Steel price reached $410 per ton (FOB, Qatar), experiencing a 2.6% growth compared to the previous month.

      Exploring the Top Import Markets for Iron and Steel
      Apr 3, 2024
      Eye 137

      Discover the leading countries in the global iron and steel import market and their key statistics. Learn about the trends and factors driving the demand for these crucial materials.

      Exploring the Top Import Markets for Pig Iron
      Apr 18, 2024
      Eye 112

      Discover the leading countries in the global import market for pig iron and the factors driving their high import volumes. Gain insights into the key players and trends shaping the industry.

      Which Country Imports the Most Pig Iron and Spiegeleisen in the World?
      May 28, 2018
      Eye 2006

      In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...

      Which Country Exports the Most Pig Iron and Spiegeleisen in the World?
      May 28, 2018
      Eye 921

      In 2016, the amount of pig iron imported worldwide stood at X tons, declining by -X% against the previous year figure. Overall, pig iron imports continue to indicate a drastic descent. The mos...

      Free Data: Iron and Steel - Qatar