Magnesite Market in Qatar
Market Overview
After two years of decline, the Qatari magnesite market increased by 
% to $ in . Over the period under review, consumption continues to indicate a deep slump. Over the period under review, the market hit record highs at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.
In value terms, magnesite production expanded remarkably to $ in estimated in export price. Over the period under review, production, however, posted a buoyant expansion. The growth pace was the most rapid in 2009 when the production volume increased by %. Over the period under review, production reached the peak level at $ in 2019; however, from to , production failed to regain momentum.
% to $ in . Over the period under review, consumption continues to indicate a deep slump. Over the period under review, the market hit record highs at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.In value terms, magnesite production expanded remarkably to $
in estimated in export price. Over the period under review, production, however, posted a buoyant expansion. The growth pace was the most rapid in 2009 when the production volume increased by %. Over the period under review, production reached the peak level at $ in 2019; however, from to , production failed to regain momentum.Consumption
In , approx. tons of magnesite were consumed in Qatar; waning by -% on . Over the period under review, consumption faced a deep slump. Magnesite consumption peaked at tons in 2007; however, from 2008 to , consumption failed to regain momentum.
The size of the magnesite market in Qatar declined dramatically to $ in , waning 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 abrupt setback. Over the period under review, the market attained the maximum level at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.
, approx. tons of magnesite were consumed in Qatar; waning by -% on . Over the period under review, consumption faced a deep slump. Magnesite consumption peaked at tons in 2007; however, from 2008 to , consumption failed to regain momentum.The size of the magnesite market in Qatar declined dramatically to $
in , waning 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 abrupt setback. Over the period under review, the market attained the maximum level at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for magnesite in Qatar, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract 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 depress the market volume to tons by the end of .In value terms, the market is forecast to contract 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
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . Qatar domestic supply is expected to continue its growth.
% in 2007 to % in . Qatar domestic supply is expected to continue its growth.Trade Balance
Qatar remains a net importer of magnesite; 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.
Download XLSX
Download all the data in the form of a report