Qatar: Chemically Modified Oils Market 2024

Chemically Modified Oils Market Size in Qatar

The Qatari chemically modified oils market declined rapidly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption showed a dramatic contraction. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Chemically Modified Oils Production in Qatar

In value terms, chemically modified oils production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Chemically Modified Oils Exports

Exports from Qatar

In 2022, approx. X tons of animal or vegetable fats and oils chemically modified were exported from Qatar; growing by X% on the previous year's figure. Over the period under review, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, chemically modified oils exports surged to $X in 2022. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The Netherlands (X tons), the UK (X tons) and Malaysia (X tons) were the main destinations of chemically modified oils exports from Qatar, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the UK ($X) and Malaysia ($X) appeared to be the largest markets for chemically modified oils exported from Qatar worldwide, with a combined X% share of total exports. Belgium and India lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average chemically modified oils export price amounted to $X per ton, jumping by X% against the previous year. In general, the export price posted a strong increase. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per ton) and Belgium ($X per ton), while the average price for exports to India ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chemically Modified Oils Imports

Imports into Qatar

In 2022, overseas purchases of animal or vegetable fats and oils chemically modified increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, imports posted perceptible growth. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, chemically modified oils imports surged to $X in 2022. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of chemically modified oils to Qatar, accounting for a X% share of total imports. Moreover, chemically modified oils imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was held by Canada (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Canada (X% per year).

In value terms, China ($X) constituted the largest supplier of animal or vegetable fats and oils chemically modified to Qatar, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Canada (X% per year).

Import Prices by Country

In 2022, the average chemically modified oils import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price posted temperate growth. The pace of growth was the most pronounced in 2015 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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