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Qatar - Crude Groundnut Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingQatar's Import of Crude Groundnut Oil Jumps 28% to Reach $240K in 2023
Qatar Crude Groundnut Oil Imports
In 2023, purchases abroad of crude groundnut oil increased by 22% to 73 tons, rising for the second consecutive year after three years of decline. Overall, imports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2017 with an increase of 660%. Over the period under review, imports reached the peak figure at 2.8K tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.
In value terms, crude groundnut oil imports surged to $240K (IndexBox estimates) in 2023. Over the period under review, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by 1,218%. As a result, imports reached the peak of $4.2M. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.
COUNTRY | Import Value of Crude Groundnut Oil in Qatar (thousand USD) | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
India | N/A | N/A | 17.9 | N/A | N/A | 14.8 | 31.6 | 138 | 47.8 | 104 | 185 |
Belgium | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 53.8 | 79.0 | 83.8 | 55.3 |
Turkey | 68.9 | 109 | N/A | 54.0 | 425 | 1,763 | 782 | N/A | N/A | N/A | N/A |
Saudi Arabia | N/A | N/A | 28.9 | 82.5 | N/A | 809 | N/A | N/A | N/A | N/A | N/A |
Oman | 20.7 | 31.3 | N/A | 26.2 | 1,062 | 923 | N/A | N/A | N/A | N/A | N/A |
Malaysia | 145 | 486 | 16.5 | 81.2 | 207 | 109 | 308 | 173 | N/A | N/A | N/A |
Kuwait | N/A | N/A | N/A | N/A | 2,105 | N/A | N/A | N/A | N/A | N/A | N/A |
Spain | N/A | N/A | N/A | N/A | 264 | 29.3 | N/A | 14.5 | N/A | N/A | N/A |
Others | 241 | 26.0 | 244 | 76.8 | 163 | 204 | 183 | 242 | N/A | N/A | N/A |
Total | 476 | 651 | 307 | 321 | 4,226 | 3,853 | 1,305 | 621 | 127 | 188 | 240 |
Imports by Country
In 2023, India (55 tons) constituted the largest supplier of crude groundnut oil to Qatar, accounting for a 75% share of total imports. Moreover, crude groundnut oil imports from India exceeded the figures recorded by the second-largest supplier, Belgium (18 tons), threefold.
From 2013 to 2023, the average annual growth rate of volume from India totaled +22.2%.
In value terms, India ($185K) constituted the largest supplier of crude groundnut oil to Qatar, comprising 77% of total imports. The second position in the ranking was taken by Belgium ($55K), with a 23% share of total imports.
From 2013 to 2023, the average annual rate of growth in terms of value from India stood at +33.9%.
Import Prices by Country
In 2023, the crude groundnut oil price amounted to $3,285 per ton (CIF, Qatar), surging by 4.9% against the previous year. Overall, the import price continues to indicate a prominent increase. The growth pace was the most rapid in 2021 an increase of 118%. The import price peaked in 2023 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was India ($3,361 per ton), while the price for Belgium amounted to $3,056 per ton.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the crude groundnut oil market 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:
- FCL 244 - Oil of Groundnuts
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