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Qatar - Soybean Oil - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Qatar - Soybean Oil - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Apr 18, 2023

Qatar's Soybean Oil Price Drops 3% to $2,236/Ton

Qatar Soybean Oil Import Price in January 2023

In January 2023, the soybean oil price stood at $2,236 per ton (CIF, Qatar), reducing by -3.2% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2022 an increase of 39% against the previous month. As a result, import price reached the peak level of $3,004 per ton. From July 2022 to January 2023, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In January 2023, the country with the highest price was the United States ($2,855 per ton), while the price for Brazil ($1,915 per ton) was amongst the lowest.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by the United States (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRYJan 2022Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023
Import Price Soybean Oil in Qatar (USD per kg)
BrazilN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1.9N/A1.9
CanadaN/AN/AN/A3.1N/AN/AN/A2.4N/AN/A2.52.52.4
Oman2.2N/AN/A2.12.73.12.12.5N/A2.12.22.3N/A
United States2.42.32.54.82.02.93.0N/A2.73.13.12.22.9
Malaysia1.91.9N/AN/A2.2N/AN/AN/A1.91.9N/A1.8N/A
ArgentinaN/AN/AN/AN/AN/AN/AN/AN/A2.4N/AN/AN/AN/A
Average2.22.32.53.02.23.02.92.52.42.52.82.32.2

Qatar Soybean Oil Import Prices by Type

Average prices varied somewhat amongst the major supplied products. In January 2023, the product with the highest price was crude soybean oil ($2,855 per ton), while the price for refined soybean oil and its fractions amounted to $2,174 per ton.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by crude soybean oil (+2.2%).

Qatar Soybean Oil Imports

Soybean oil imports into Qatar dropped significantly to 53 tons in January 2023, with a decrease of -60% against December 2022 figures. In general, imports showed a deep contraction. The pace of growth was the most pronounced in September 2022 with an increase of 218% against the previous month. Over the period under review, imports attained the peak figure at 252 tons in January 2022; however, from February 2022 to January 2023, imports failed to regain momentum.

In value terms, soybean oil imports contracted dramatically to $117K (IndexBox estimates) in January 2023. Overall, imports recorded a deep setback. The most prominent rate of growth was recorded in September 2022 with an increase of 215% against the previous month. Over the period under review, imports attained the peak figure at 562 tons in January 2022; however, from February 2022 to January 2023, imports failed to regain momentum.

Qatar Soybean Oil Imports by Type

In January 2023, refined soybean oil and its fractions (48 tons) was the main type of soybean oil supplied to Qatar, with a 91% share of total imports. Moreover, refined soybean oil and its fractions exceeded the figures recorded for the second-largest type, crude soybean oil (4.8 tons), tenfold.

From January 2022 to January 2023, the average monthly rate of growth in terms of the volume of import of refined soybean oil and its fractions stood at -6.1%.

In value terms, refined soybean oil and its fractions ($104K) constituted the largest type of soybean oil supplied to Qatar, comprising 88% of total imports. The second position in the ranking was taken by crude soybean oil ($14K), with a 12% share of total imports.

Qatar Soybean Oil Imports by Country

Canada (26 tons), Brazil (21 tons) and the United States (4.8 tons) were the main suppliers of soybean oil imports to Qatar.

From January 2022 to January 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +12.9%), while imports for the other leaders experienced a decline.

In value terms, Canada ($63K), Brazil ($41K) and the United States ($14K) were the largest soybean oil suppliers to Qatar, together comprising 99.9% of total imports.

Canada, with a CAGR of +9.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the soybean 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 237 - Oil of Soybeans

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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