Non-Liquid Margarine Price in Qatar - 2023
Contents:
Non-Liquid Margarine Price in Qatar (CIF) - 2023
The average non-liquid margarine import price stood at $2,736 per ton in June 2023, rising by 42% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.4%. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 46% against the previous month. As a result, import price attained the peak level of $3,101 per ton. From May 2023 to June 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($15,141 per ton), while the price for Malaysia ($1,519 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+30.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Liquid Margarine Imports in Qatar
In 2022, purchases abroad of non-liquid margarine was finally on the rise to reach 2K tons after two years of decline. The total import volume increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, non-liquid margarine imports soared to $4.3M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +16.9% 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 +59.7% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Non-Liquid Margarine in Qatar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 503 | 480 | 531 | 1,192 | 33.3% |
| Germany | 363 | 451 | 646 | 672 | 22.8% |
| Belgium | 613 | 436 | 237 | 570 | -2.4% |
| Malaysia | 145 | 43.0 | 77.4 | 502 | 51.3% |
| Spain | 83.5 | 72.3 | 57.5 | 381 | 65.9% |
| Turkey | 479 | 536 | 425 | 358 | -9.2% |
| Indonesia | 170 | 104 | 231 | 334 | 25.2% |
| Canada | N/A | N/A | 184 | N/A | 0% |
| Others | 353 | 784 | 615 | 316 | -3.6% |
| Total | 2,709 | 2,906 | 3,003 | 4,326 | 16.9% |
Top Suppliers of Non-Liquid Margarine to Qatar in 2022:
- Oman (546.7 tons)
- Germany (315.9 tons)
- Belgium (282.1 tons)
- Malaysia (263.0 tons)
- Indonesia (189.9 tons)
- Spain (151.0 tons)
- Turkey (131.8 tons)
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