Qatar: Market for Hot-Rolled Bars Of High Speed Steel 2022

Market Size for Hot-Rolled Bars Of High Speed Steel in Qatar

The Qatari market for hot-rolled bars of high speed steel soared to $X in 2021, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a abrupt descent. Hot-rolled high speed steel bar consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Exports of Hot-Rolled Bars Of High Speed Steel

Exports from Qatar

In 2021, the amount of hot-rolled bars of high speed steel exported from Qatar amounted to less than X kg, approximately mirroring the year before. In general, exports continue to indicate a relatively flat trend pattern. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, hot-rolled high speed steel bar exports stood at less than $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for hot-rolled high speed steel bar exports from Qatar, with a approx. X% share of total exports.

From 2012 to 2015, the average annual growth rate of volume to the United Arab Emirates was relatively modest.

From 2012 to 2015, the average annual growth rate of value to the United Arab Emirates was relatively modest.

Export Prices by Country

In 2015, the average export price for hot-rolled bars of high speed steel amounted to $X per ton, stabilizing at the previous year. In general, the export price showed a relatively flat trend pattern. The export price peaked in 2015 and is expected to retain growth in the immediate term.

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

From 2012 to 2015, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Imports of Hot-Rolled Bars Of High Speed Steel

Imports into Qatar

In 2021, approx. X tons of hot-rolled bars of high speed steel were imported into Qatar; picking up by X% compared with the year before. Over the period under review, imports, however, saw a deep contraction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, hot-rolled high speed steel bar imports soared to $X in 2021. Overall, imports, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main supplier of hot-rolled high speed steel bar to Qatar, with a X% share of total imports. Moreover, hot-rolled high speed steel bar imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +X%.

In value terms, China ($X) constituted the largest supplier of hot-rolled high speed steel bar to Qatar, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +X%.

Import Prices by Country

In 2021, the average import price for hot-rolled bars of high speed steel amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price, however, continues to indicate a slight reduction. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably countryorigin: the country with the highest price was the Netherlands ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%).

Source: IndexBox Market Intelligence Platform

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