Starches; Inulin Price in Qatar - 2023
Contents:
Starches; Inulin Price in Qatar (CIF) - 2023
The average starches; inulin import price stood at $581 per ton in August 2023, surging by 11% against the previous month. Overall, the import price, however, showed a pronounced contraction. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 61% m-o-m. The import price peaked at $848 per ton in August 2022; however, from September 2022 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Taiwan (Chinese) ($2,615 per ton), while the price for India ($458 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Denmark (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Starches; Inulin Imports in Qatar
In 2022, overseas purchases of starches; inulins were finally on the rise to reach 3.7K tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +5.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, starches; inulin imports soared to $2.6M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Starches; Inulin in Qatar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 229 | 185 | 367 | 895 | 57.5% |
| Pakistan | 14.0 | 278 | 440 | 494 | 228.0% |
| Turkey | 328 | 230 | 115 | 314 | -1.4% |
| Thailand | 816 | 312 | 194 | 283 | -29.7% |
| Malta | 175 | 252 | 191 | 276 | 16.4% |
| United States | N/A | N/A | 15.9 | 147 | 824.5% |
| Denmark | N/A | 37.1 | 79.1 | 86.2 | 52.4% |
| Others | 152 | 163 | 107 | 74.1 | -21.3% |
| Total | 1,714 | 1,456 | 1,509 | 2,569 | 14.4% |
Top Suppliers of Starches; Inulin to Qatar in 2022:
- India (1497.0 tons)
- Pakistan (974.0 tons)
- Turkey (500.0 tons)
- Thailand (368.1 tons)
- Malta (116.3 tons)
- Denmark (99.8 tons)
- United States (59.1 tons)
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