Updated Nov 26, 2022 17:10

Sulphur Market in Qatar

Market Overview
The Qatari sulphur market skyrocketed to $ in , with an increase of % 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). In general, consumption continues to indicate a temperate increase. Over the period under review, the market hit record highs at $ in 2013; however, from 2014 to , consumption failed to regain momentum.

In value terms, sulphur production soared to $ in estimated in export price. Overall, production showed a resilient expansion. The growth pace was the most rapid in 2008 with an increase of % against the previous year. Over the period under review, production reached the maximum level in and is expected to retain growth in the immediate term.


Consumption
For the eighth consecutive year, Qatar recorded growth in consumption of sulphur, which increased by % to tons in . Overall, consumption posted a noticeable expansion. Over the period under review, consumption reached the maximum volume at tons in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.

The revenue of the sulphur market in Qatar amounted to $ in , remaining stable 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). Over the period under review, consumption enjoyed a perceptible increase. Sulphur consumption peaked at $ in 2013; however, from 2014 to , consumption failed to regain momentum.


Market Forecast
Driven by increasing demand for sulphur in Qatar, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, imports of sulphur in Qatar were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for sulphur. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (less than percentage point) over the period under review.


Trade Balance
Qatar remains a net exporter of sulphur; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.