Price for Floating or Submersible Drilling or Production Platforms in Qatar - 2023

Contents:

1. Price for Floating or Submersible Drilling or Production Platforms in Qatar (CIF) - 2022
2. Imports of Floating or Submersible Drilling or Production Platforms in Qatar

Price for Floating or Submersible Drilling or Production Platforms in Qatar (CIF) - 2022

The average import price for floating or submersible drilling or production platformses stood at $1,408,406 per unit in 2022, dropping by -89.8% against the previous year. Overall, the import price, however, posted a significant increase. The growth pace was the most rapid in 2019 when the average import price increased by 55,817% against the previous year. Over the period under review, average import prices attained the peak figure at $40,720,863 per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($1,548,103 per unit), while the price for the United States ($45,785 per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3,434.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Floating or Submersible Drilling or Production Platforms in Qatar

For the fourth consecutive year, Qatar recorded growth in overseas purchases of floating or submersible drilling or production platformses, which increased by 107% to 31 units in 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 133% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of floating or submersible drilling or production platformses reduced dramatically to $44M in 2022. Overall, imports, however, showed a significant contraction. The growth pace was the most rapid in 2020 with an increase of 237%. As a result, imports reached the peak of $570M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Floating or Submersible Drilling or Production Platforms to Qatar in 2022:

1. Indonesia (21.0 units)
2. South Korea (8.0 units)
3. United States (1.0 units)
4. China (1.0 units)

Source: IndexBox Market Intelligence Platform