Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Qatar - 2023

Contents:

1. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Qatar (CIF) - 2023
2. Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Qatar

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Qatar (CIF) - 2023

In October 2023, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $2,199 per ton, waning by -14.4% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 53% against the previous month. Over the period under review, average import prices reached the peak figure at $2,920 per ton in November 2022; however, from December 2022 to October 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($6,077 per ton), while the price for Malaysia ($1,292 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Qatar

Imports of liquid margarine and edible mixtures of animal or vegetable fats into Qatar contracted to 2.9K tons in 2022, which is down by -9.7% against the previous year's figure. Over the period under review, imports recorded a abrupt setback. The smallest decline of -2.9% was in 2021.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats skyrocketed to $6M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Qatar in 2022:

1. United States (784.5 tons)
2. Spain (668.9 tons)
3. Malaysia (580.0 tons)
4. Germany (360.1 tons)
5. Indonesia (185.2 tons)
6. Ukraine (88.8 tons)
7. Belgium (79.0 tons)

Source: IndexBox Market Intelligence Platform