Qatar: Tyre Cord Fabric Market 2023

Tyre Cord Fabric Market Size in Qatar

The Qatari tyre cord fabric market shrank to $X in 2021, almost unchanged from 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 showed strong growth. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Tyre Cord Fabric Exports

Exports from Qatar

In 2015, after two years of decline, there was decline in overseas shipments of tyre cord fabric of high tenacity yarn, when their volume decreased by 0% to X tons. Overall, exports continue to indicate significant growth. The smallest decline of 99.9% was in 2013. Over the period under review, the exports hit record highs in 2015 and are expected to retain growth in the near future.

In value terms, tyre cord fabric exports stood at $X in 2015. Over the period under review, exports saw a precipitous slump. The smallest decline of 99.9% was in 2013. The exports peaked at $X in 2012; however, from 2013 to 2015, the exports remained at a lower figure.

Exports by Country

From 2012 to 2017, the average annual rate of growth in terms of volume to No country was relatively modest.

In value terms, Kuwait ($X) emerged as the key foreign market for tyre cord fabric of high tenacity yarn exports from Qatar.

From 2012 to 2017, the average annual growth rate of value to Kuwait totaled +55.3%.

Export Prices by Country

In 2015, the average tyre cord fabric export price amounted to $X per ton, remaining constant against the previous year. In general, the export price showed a precipitous decrease. The most prominent rate of growth was recorded in 2013 a decrease of 99.9% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2015, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-67.1%).

Tyre Cord Fabric Imports

Imports into Qatar

In 2021, overseas purchases of tyre cord fabric of high tenacity yarn increased by 6.2% to X tons, rising for the second year in a row after two years of decline. In general, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 682%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, tyre cord fabric imports plummeted to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 364% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and Jordan (X tons) were the main suppliers of tyre cord fabric imports to Qatar.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +107.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of tyre cord fabric of high tenacity yarn to Qatar, comprising 41% of total imports. The second position in the ranking was held by India ($X), with a 17% share of total imports. It was followed by Jordan, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+2.1% per year) and Jordan (0.0% per year).

Import Prices by Country

In 2021, the average tyre cord fabric import price amounted to $X per ton, with a decrease of -27.8% against the previous year. Over the period under review, the import price faced a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 188% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Jordan ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+17.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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