Qatar - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Processed Petroleum Oils and Distillates in Qatar - 2023
Contents:
- Price for Processed Petroleum Oils and Distillates in Qatar (FOB) - 2023
- Price for Processed Petroleum Oils and Distillates in Qatar (CIF) - 2022
- Exports of Processed Petroleum Oils and Distillates in Qatar
- Imports of Processed Petroleum Oils and Distillates in Qatar
Price for Processed Petroleum Oils and Distillates in Qatar (FOB) - 2023
The average export price for processed petroleum oils and distillates stood at $662 per ton in August 2023, increasing by 8.8% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 18% m-o-m. Over the period under review, the average export prices hit record highs at $722 per ton in February 2023; however, from March 2023 to August 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In August 2023, the highest price was recorded for prices to Oman ($755 per ton) and Singapore ($694 per ton), while the average price for exports to Japan ($627 per ton) and Taiwan (Chinese) ($632 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Processed Petroleum Oils and Distillates in Qatar (CIF) - 2022
The average import price for processed petroleum oils and distillates stood at $691 per ton in 2022, approximately equating the previous year. Overall, the import price showed a pronounced descent. The most prominent rate of growth was recorded in 2018 an increase of 83%. As a result, import price attained the peak level of $2,156 per ton. From 2019 to 2022, 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 the United Arab Emirates ($917 per ton), while the price for Portugal ($419 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 (-2.4%), while the prices for the other major suppliers experienced a decline.
Exports of Processed Petroleum Oils and Distillates in Qatar
In 2022, shipments abroad of processed petroleum oils and distillates was finally on the rise to reach 16M tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, processed petroleum oils and distillates exports soared to $10.2B in 2022. In general, total exports indicated a noticeable increase from 2019 to 2022: its value increased at an average annual rate of +3.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.0% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Processed Petroleum Oils and Distillates in Qatar (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
Japan | 1,152 | 2,101 | 1,400 | 10.2% | |
South Korea | 119 | 976 | 1,306 | 231.3% | |
United States | 66.9 | 9.5 | 863 | 259.2% | |
Singapore | 147 | 398 | 612 | 104.0% | |
China | 903 | 2,233 | 597 | -18.7% | |
Netherlands | 140 | N/A | 524 | 93.5% | |
United Arab Emirates | N/A | 290 | 322 | 11.0% | |
Thailand | 35.5 | 195 | 265 | 173.2% | |
Taiwan (Chinese) | 74.8 | 260 | 260 | 86.4% | |
Hong Kong SAR | 44.6 | 29.0 | 251 | 137.2% | |
Germany | N/A | N/A | 247 | 0% | |
Philippines | N/A | N/A | 142 | 0% | |
India | 12.3 | 147 | 135 | 231.3% | |
Others | 4,053 | 1,220 | 3,266 | -10.2% | |
Total | 6,748 | 7,859 | 10,189 | 22.9% |
Top Export Markets for Processed Petroleum Oils and Distillates from Qatar in 2022:
- Japan (2.4M tons)
- South Korea (2.3M tons)
- Singapore (1.1M tons)
- United States (1.1M tons)
- China (1.0M tons)
- Netherlands (0.7M tons)
- Taiwan (Chinese) (0.6M tons)
- Thailand (0.6M tons)
- United Arab Emirates (0.5M tons)
- Philippines (0.3M tons)
- Germany (0.3M tons)
- Hong Kong SAR (0.3M tons)
- India (0.2M tons)
Imports of Processed Petroleum Oils and Distillates in Qatar
In 2022, imports of processed petroleum oils and distillates into Qatar surged to 1.7M tons, jumping by 38% on the previous year's figure. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 154%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, processed petroleum oils and distillates imports skyrocketed to $1.2B in 2022. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 260%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
Import of Processed Petroleum Oils and Distillates in Qatar (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 6.9 | 0.8 | 1.0 | 346 | 268.8% |
United Arab Emirates | N/A | N/A | 0.3 | 149 | 49566.7% |
Singapore | 19.0 | 1.7 | 3.9 | 130 | 89.8% |
Portugal | 0.5 | 0.2 | N/A | 43.5 | 343.1% |
Switzerland | N/A | 0.1 | N/A | 40.4 | 1910.0% |
China | 0.1 | 0.1 | 0.3 | 32.4 | 586.8% |
Czech Republic | N/A | N/A | N/A | 22.5 | 0% |
South Korea | 8.8 | 0.9 | 1.5 | 16.4 | 23.1% |
Others | 625 | 228 | 826 | 372 | -15.9% |
Total | 661 | 231 | 833 | 1,152 | 20.3% |
Top Suppliers of Processed Petroleum Oils and Distillates to Qatar in 2022:
- India (605.2K tons)
- Singapore (181.2K tons)
- United Arab Emirates (162.5K tons)
- Portugal (103.6K tons)
- Switzerland (50.8K tons)
- China (48.5K tons)
- Czech Republic (30.0K tons)
- South Korea (20.3K tons)
This report provides an in-depth analysis of the market for processed petroleum oils and distillates in Qatar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Qatar
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Qatar
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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