Qatar: Vulcanised Rubber Thread Market 2023

Vulcanised Rubber Thread Market Size in Qatar

The Qatari vulcanised rubber thread market surged to $X in 2021, with an increase of 179% 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 showed a buoyant expansion. Vulcanised rubber thread consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Vulcanised Rubber Thread Exports

Exports from Qatar

In 2015, the amount of vulcanised rubber thread and cord exported from Qatar totaled X kg, approximately mirroring 2014 figures. Overall, exports recorded significant growth. The smallest decline of 99.9% was in 2014. The exports peaked in 2015 and are likely to continue growth in the immediate term.

In value terms, vulcanised rubber thread exports totaled $X in 2015. In general, exports enjoyed significant growth. The smallest decline of 99.9% was in 2014. The exports peaked in 2015 and are expected to retain growth in years to come.

Exports by Country

Belgium (X kg) and the UK (X kg) were the main destinations of vulcanised rubber thread exports from Qatar.

From 2013 to 2015, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of 0.0%).

In value terms, the largest markets for vulcanised rubber thread exported from Qatar were Belgium ($X) and the UK ($X).

In terms of the main countries of destination, Belgium, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average vulcanised rubber thread export price stood at $X per ton in 2015, standing approx. at the previous year. Overall, the export price showed significant growth. The most prominent rate of growth was recorded in 2014 when the average export price decreased by 99.9% against the previous year. The export price peaked in 2015 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2015, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Belgium totaled $X per ton.

From 2013 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Thread Imports

Imports into Qatar

In 2021, imports of vulcanised rubber thread and cord into Qatar soared to X tons, with an increase of 198% against the previous year's figure. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 3,480% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, vulcanised rubber thread imports rose markedly to $X in 2021. Over the period under review, imports, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 299%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main supplier of vulcanised rubber thread to Qatar, accounting for a 95% share of total imports. Moreover, vulcanised rubber thread imports from China exceeded the figures recorded by the second-largest supplier, the UK (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+5.3% per year) and Malaysia (-62.8% per year).

In value terms, the UK ($X), China ($X) and Malaysia ($X) were the largest vulcanised rubber thread suppliers to Qatar, with a combined 90% share of total imports.

The UK, with a CAGR of -3.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average vulcanised rubber thread import price amounted to $X per ton, declining by -64.6% against the previous year. In general, the import price showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 1,082%. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+9.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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