Seals; Mechanical Price in Qatar - 2023

Seals; Mechanical Price in Qatar (CIF) - 2022

The average seals; mechanical import price stood at $207 per unit in 2022, rising by 54% against the previous year. In general, the import price posted a mild expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 109%. The import price peaked at $427 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($506 per unit), while the price for China ($37 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+252.0%), while the prices for the other major suppliers experienced a decline.

Seals; Mechanical Imports in Qatar

After three years of growth, overseas purchases of seals; mechanicals decreased by -40.1% to 86K units in 2022. Overall, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, imports reached the peak of 143K units, and then contracted markedly in the following year.

In value terms, seals; mechanical imports reduced to $18M in 2022. In general, imports recorded a deep slump. The smallest decline of -2.4% was in 2021. Imports peaked at $23M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Seals; Mechanical in Qatar (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	6.4	3.9	3.3	4.5	-11.1%
Czech Republic	2.6	2.8	2.5	3.4	9.4%
United Kingdom	5.8	4.6	6.2	3.1	-18.8%
United States	2.6	3.7	2.5	2.3	-4.0%
Japan	2.8	1.3	0.8	0.5	-43.7%
Italy	0.3	0.3	0.2	0.3	0.0%
France	0.5	0.7	0.4	0.3	-15.7%
China	0.3	0.1	0.1	0.3	0.0%
Others	1.9	2.3	3.3	2.9	15.1%
Total	23.1	19.7	19.2	17.7	-8.5%