Qatar: Market for Processed Petroleum Oils and Distillates 2024

Market Size for Processed Petroleum Oils and Distillates in Qatar

The Qatari market for processed petroleum oils and distillates reduced sharply to $X in 2022, with a decrease of X% against the previous year. In general, consumption showed a pronounced decrease. Processed petroleum oils and distillates consumption peaked at $X in 2021, and then shrank dramatically in the following year.

Production of Processed Petroleum Oils and Distillates in Qatar

In value terms, processed petroleum oils and distillates production dropped to $X in 2022 estimated in export price. Overall, production showed a perceptible descent. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Processed Petroleum Oils and Distillates

Exports from Qatar

In 2022, overseas shipments of processed petroleum oils and distillates were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, processed petroleum oils and distillates exports soared to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons), South Korea (X tons) and the United States (X tons) were the main destinations of processed petroleum oils and distillates exports from Qatar, together accounting for X% of total exports. Oman, Singapore, China, the Netherlands, Thailand, Taiwan (Chinese), the United Arab Emirates, the Philippines, Hong Kong SAR and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for processed petroleum oils and distillates exported from Qatar were Japan ($X), South Korea ($X) and the United States ($X), together comprising X% of total exports. Oman, Singapore, China, the Netherlands, the United Arab Emirates, Thailand, Taiwan (Chinese), Hong Kong SAR, Germany and the Philippines lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the Philippines, with a CAGR of X.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for processed petroleum oils and distillates stood at $X per ton in 2022, remaining stable against the previous year. Overall, the export price, however, showed a pronounced decrease. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Processed Petroleum Oils and Distillates

Imports into Qatar

Processed petroleum oils and distillates imports into Qatar surged to X tons in 2022, rising by X% against 2021. In general, imports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, processed petroleum oils and distillates imports soared to $X in 2022. Over the period under review, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of processed petroleum oils and distillates to Qatar, with a X% share of total imports. Moreover, processed petroleum oils and distillates imports from India exceeded the figures recorded by the second-largest supplier, Singapore (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and the United Arab Emirates (X% per year).

In value terms, India ($X) constituted the largest supplier of processed petroleum oils and distillates to Qatar, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Singapore (X% per year).

Import Prices by Country

The average import price for processed petroleum oils and distillates stood at $X per ton in 2022, standing approx. at the previous year. In general, the import price saw a pronounced downturn. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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 Oman ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :