Qatar: Polyethylene Market Overview 2021

Polyethylene Market Size in Qatar

In 2019, the Qatari polyethylene market increased by X% to $X, rising for the fourth consecutive year after two years of decline. Overall, consumption, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2011 when the market value increased by X% against the previous year. Polyethylene consumption peaked at $X in 2020; afterwards, it flattened through to 2019.

Polyethylene Exports

Exports from Qatar

In 2020, the amount of polyethylene with a specific gravity of less than X, in primary forms exported from Qatar totaled X kg, flattening at the previous year. In general, exports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure at X tonnes in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

In value terms, polyethylene exports stood at $X in 2020. Over the period under review, exports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

Exports by Country

China (X kg), India (X kg) and the United Arab Emirates (X kg) were the main destinations of polyethylene exports from Qatar, together accounting for X% of total exports. Turkey, Pakistan, Belgium, Saudi Arabia, Italy, Viet Nam, Bangladesh, Morocco, Taiwan (Chinese) and Spain lagged somewhat behind, together accounting for a further X 2007 to 2015, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (-X% per year), while exports for the other leaders experienced a decline.

In value terms, the largest markets for polyethylene exported from Qatar were China ($X), India ($X) and Turkey ($X), with a combined X% share of total exports. The United Arab Emirates, Pakistan, Saudi Arabia, Belgium, Italy, Bangladesh, Morocco, Viet Nam, Taiwan (Chinese) and Spain lagged somewhat behind, together accounting for a further X (-X% per year) saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average polyethylene export price stood at $X per tonne in 2015, stabilizing at the previous year. Overall, the export price posted tangible growth. The most prominent rate of growth was recorded in 2009 an increase of X% y-o-y. Over the period under review, average export prices hit record highs in 2015 and is likely to see steady growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2015, the countries with the highest prices were Turkey ($X per tonne) and Bangladesh ($X per tonne), while the average price for exports to India ($X per tonne) and Belgium ($X per tonne) were amongst the lowest.

From 2007 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh, while the prices for the other major destinations experienced more modest paces of growth.

Polyethylene Imports

Imports into Qatar

In 2020, supplies from abroad of polyethylene with a specific gravity of less than X, in primary forms decreased by X% to X kg, falling for the third consecutive year after three years of growth. In general, imports recorded a precipitous contraction. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at X tonnes in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

In value terms, polyethylene imports stood at $X in 2020. Over the period under review, imports saw a precipitous contraction. The pace of growth appeared the most rapid in 2017 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tonnes), Norway (X tonnes) and Oman (X tonnes) were the main suppliers of polyethylene imports to Qatar, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey, while imports for the other leaders experienced mixed trend patterns.

In value terms, Turkey ($X), Norway ($X) and Oman ($X) were the largest polyethylene suppliers to Qatar, together comprising X% of total imports.

In terms of the main suppliers, Turkey saw the highest growth rate of 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 polyethylene import price stood at $X per tonne in 2018, with an increase of X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2014; however, from 2015 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Norway ($X per tonne), while the price for Oman ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Turkey, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform