Alcohols Market Overview in Qatar
In value terms, alcohols production totaled $225M in 2010 estimated in export prices. Over the period under review, alcohols production, however, continues to indicate a slight decline. The pace of growth appeared the most rapid in 2009 with an increase of 76% y-o-y. In that year, alcohols production reached its peak level of $495M, and then declined slightly in the following year.
The revenue of the alcohols market in Qatar amounted to $17M in 2010, reducing by -8.1% 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, the total market indicated a notable increase from 2007 to 2010: its value increased at an average annual rate of +8.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2010 figures, alcohols consumption decreased by -35.2% against 2008 indices. The most prominent rate of growth was recorded in 2008 with an increase of 71% year-to-year. In that year, the alcohols market attained its peak level of $26M. From 2009 to 2010, the growth of the alcohols market remained at a lower figure.