Qatar - Saturated Acyclic Monocarboxylic Acids - Market Analysis, Forecast, Size, Trends and Insights
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View PricingQatar's Import of Acyclic Monocarboxylic Acids Sees Steep Decline to $6.6M by 2023
Qatar Saturated Acyclic Monocarboxylic Acids Imports
Saturated acyclic monocarboxylic acids imports into Qatar fell to 1.9K tons in 2023, with a decrease of -12.6% against 2022 figures. Over the period under review, imports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2022 with an increase of 81%. As a result, imports reached the peak of 2.1K tons, and then fell in the following year.
In value terms, saturated acyclic monocarboxylic acids imports contracted notably to $6.6M (IndexBox estimates) in 2023. Overall, total imports indicated pronounced growth from 2013 to 2023: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by +43.3% against 2019 indices. The growth pace was the most rapid in 2022 with an increase of 93% against the previous year. As a result, imports attained the peak of $9.2M, and then fell notably in the following year.
| COUNTRY | Import Value of Saturated Acyclic Monocarboxylic Acids in Qatar (thousand USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Germany | 3,889 | 3,508 | 2,739 | 3,063 | 2,373 | 3,343 | 2,286 | 2,069 | 1,656 | 2,614 | 3,262 |
| China | 116 | 208 | 608 | 831 | 1,230 | 410 | 1,102 | 908 | 496 | 1,451 | 1,125 |
| Turkey | N/A | N/A | N/A | N/A | N/A | N/A | 72.4 | 689 | 1,181 | 3,173 | 943 |
| India | 329 | 328 | 235 | 196 | 425 | 357 | 320 | 389 | 359 | 811 | 494 |
| United States | 235 | 110 | 103 | N/A | 88.2 | 93.7 | 64.5 | 27.6 | 51.0 | 361 | 391 |
| Singapore | 88.5 | 75.9 | N/A | N/A | 131 | 76.9 | 198 | 137 | 196 | 47.5 | 154 |
| France | 373 | 218 | 280 | 407 | 16.8 | 391 | N/A | 411 | 182 | 295 | N/A |
| Belgium | 168 | N/A | 641 | 527 | 456 | 255 | 20.7 | 71.8 | 112 | N/A | N/A |
| Others | 244 | 154 | 329 | 155 | 312 | 757 | 573 | 246 | 514 | 432 | 276 |
| Total | 5,443 | 4,602 | 4,935 | 5,178 | 5,031 | 5,685 | 4,636 | 4,948 | 4,747 | 9,183 | 6,646 |
Imports by Country
In 2023, China (817 tons) constituted the largest supplier of saturated acyclic monocarboxylic acids to Qatar, with a 44% share of total imports. Moreover, saturated acyclic monocarboxylic acids imports from China exceeded the figures recorded by the second-largest supplier, India (367 tons), twofold. The third position in this ranking was taken by Germany (235 tons), with a 13% share.
From 2013 to 2023, the average annual growth rate of volume from China amounted to +29.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+7.1% per year) and Germany (-7.0% per year).
In value terms, Germany ($3.3M) constituted the largest supplier of saturated acyclic monocarboxylic acids to Qatar, comprising 49% of total imports. The second position in the ranking was held by China ($1.1M), with a 17% share of total imports. It was followed by Turkey, with a 14% share.
From 2013 to 2023, the average annual rate of growth in terms of value from Germany amounted to -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+25.5% per year) and Turkey (+90.0% per year).
Imports by Type
Lauric acid and other acids, their salts and esters (499 tons), esters of acetic acid (excluding ethyl acetate) (426 tons) and ethyl acetate (365 tons) were the main products of saturated acyclic monocarboxylic acids imports to Qatar, together comprising 69% of total imports.
From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by esters of acetic acid (excluding ethyl acetate) (with a CAGR of +29.2%), while imports for the other products experienced more modest paces of growth.
In value terms, lauric acid and other acids, their salts and esters ($4.5M) constituted the largest type of saturated acyclic monocarboxylic acids supplied to Qatar, comprising 68% of total imports. The second position in the ranking was taken by mono-, di- or tri-chloroacetic acids; propionic, butanoic and pentanoic acids and their salts and esters ($609K), with a 9.2% share of total imports. It was followed by esters of acetic acid (excluding ethyl acetate), with a 9% share.
Import Prices by Country
In 2023, the saturated acyclic monocarboxylic acids price stood at $3,579 per ton (CIF, Qatar), declining by -17.2% against the previous year. In general, the import price saw a pronounced reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 69%. Over the period under review, average import prices reached the peak figure at $5,269 per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Turkey ($13,956 per ton), while the price for India ($1,348 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the market for saturated acyclic monocarboxylic acids in Qatar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143215 - Ethyl acetate
- Prodcom 20143219 - Esters of acetic acid (excluding ethyl acetate)
- Prodcom 20143220 - Mono-, di- or tri-chloroacetic acids, propionic, butanoic and pentanoic acids, their salts and esters
- Prodcom 20143230 -
- Prodcom 20143240 -
- Prodcom 20143250 - Formic acid, its salts and esters
- Prodcom 20143271 - Acetic acid
- Prodcom 20143278 - Salts of acetic acid
- Prodcom 20143280 - Lauric acid and others, salts and esters
Country coverage:
- Qatar
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Qatar
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
