Qatar: Crude Coconut Oil Market Overview 2021

Crude Coconut Oil Market Size in Qatar

For the fourth year in a row, the Qatari crude coconut oil market recorded decline in sales value, which decreased by -X% to $X in 2020. Over the period under review, consumption faced a sharp shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. from 2017 to 2020, the growth of the market remained at a somewhat lower figure.

Crude Coconut Oil Exports

Exports from Qatar

In 2020, crude coconut oil exports from Qatar was estimated at X kg, remaining stable against 2019. In general, exports recorded a relatively flat trend pattern. Over the period under review, exports hit record highs at X tonnes in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

In value terms, crude coconut oil exports amounted to $X in 2020. Over the period under review, exports continue to indicate a relatively flat trend pattern. Exports peaked at $X in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

Exports by Country

India (X tonnes) was the main destination for crude coconut oil exports from Qatar, with a approx. X% share of total exports.

From 2007 to 2015, the average annual rate of growth in terms of volume to India was relatively modest.

From 2007 to 2015, the average annual growth rate of value to India was relatively modest.

Export Prices by Country

The average crude coconut oil export price stood at $X per tonne in 2015, standing approx. at the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. Over the period under review, average export prices attained the maximum in 2015 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for India.

From 2007 to 2015, the rate of growth in terms of prices for India amounted to X% per year.

Crude Coconut Oil Imports

Imports into Qatar

In 2020, overseas purchases of crude coconut (copra) oil decreased by -X% to X kg, falling for the fourth year in a row after three years of growth. Overall, imports recorded a significant decrease. The growth pace was the most rapid in 2016 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2012; however, from 2013 to 2020, imports remained at a lower figure.

In value terms, crude coconut oil imports dropped sharply to $X in 2020. In general, imports saw a sharp decline. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. As a result, imports attained the peak of $X. from 2017 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, Italy (X kg) constituted the largest crude coconut oil supplier to Qatar, with a X% share of total imports. Moreover, crude coconut oil imports from Italy exceeded the figures recorded by the second-largest supplier, Thailand (X kg), twofold.

From 2007 to 2020, the average annual growth rate of volume from Italy was relatively modest.

In value terms, Italy ($X) and Thailand ($X) constituted the largest crude coconut oil suppliers to Qatar.

In terms of the main suppliers, Italy recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average crude coconut oil import price stood at $X per tonne in 2020, waning by -X% against the previous year. Overall, the import price, however, continues to indicate a significant expansion. The growth pace was the most rapid in 2016 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the maximum at $X per tonne in 2018; however, from 2019 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Thailand ($X per tonne), while the price for Italy stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand.

Source: IndexBox Platform