Abrasives Market in Qatar
Market Overview
The Qatari abrasives market soared to $
in , jumping by % 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 recorded a resilient expansion. Over the period under review, the market hit record highs at $ in 2019; however, from to , consumption failed to regain momentum.
in , jumping by % 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 recorded a resilient expansion. Over the period under review, the market hit record highs at $ in 2019; however, from to , consumption failed to regain momentum.Consumption
In , approx. tons of abrasives (natural) were consumed in Qatar; with an increase of % against the previous year. Overall, consumption saw resilient growth. Abrasives consumption peaked at tons in 2019; however, from to , consumption stood at a somewhat lower figure.
The size of the abrasives market in Qatar skyrocketed to $ in , jumping by % 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 saw a resilient increase. Over the period under review, the market reached the maximum level at $ in 2019; however, from to , consumption stood at a somewhat lower figure.
, approx. tons of abrasives (natural) were consumed in Qatar; with an increase of % against the previous year. Overall, consumption saw resilient growth. Abrasives consumption peaked at tons in 2019; however, from to , consumption stood at a somewhat lower figure.The size of the abrasives market in Qatar skyrocketed to $
in , jumping by % 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 saw a resilient increase. Over the period under review, the market reached the maximum level at $ in 2019; however, from to , consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for abrasives (natural) in Qatar, the market is expected to continue an upward consumption trend over the next eight-year period. 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 .
% 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
Abrasives market in Qatar consists almost entirely of imported products. 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.
, 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.Trade Balance
Qatar remains a net importer of abrasives; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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