Iodine Market in Qatar
Market Overview
In 
, the Qatari iodine market decreased by -% to $ for the first time since 2016, thus ending a five-year rising trend. Over the period under review, consumption, however, showed a abrupt shrinkage. Over the period under review, the market attained the maximum level at $ in 2010; however, from 2011 to , consumption failed to regain momentum.
, the Qatari iodine market decreased by -% to $ for the first time since 2016, thus ending a five-year rising trend. Over the period under review, consumption, however, showed a abrupt shrinkage. Over the period under review, the market attained the maximum level at $ in 2010; however, from 2011 to , consumption failed to regain momentum.Consumption
In , the amount of iodine consumed in Qatar rose remarkably to kg, surging by % compared with . Overall, consumption, however, faced a dramatic decline. Over the period under review, consumption hit record highs at tons in 2010; however, from 2011 to , consumption remained at a lower figure.
The value of the iodine market in Qatar shrank markedly to $ in , declining 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, however, continues to indicate a deep slump. Over the period under review, the market hit record highs at $ in 2010; however, from 2011 to , consumption stood at a somewhat lower figure.
, the amount of iodine consumed in Qatar rose remarkably to kg, surging by % compared with . Overall, consumption, however, faced a dramatic decline. Over the period under review, consumption hit record highs at tons in 2010; however, from 2011 to , consumption remained at a lower figure.The value of the iodine market in Qatar shrank markedly to $
in , declining 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, however, continues to indicate a deep slump. Over the period under review, the market hit record highs at $ in 2010; however, from 2011 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for iodine 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 kg 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 kg 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
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 iodine; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of kg, 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 kg, 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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