
Qatar - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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Qatar: Virgin Olive Oil Market Overview 2021
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Virgin Olive Oil Market Size in Qatar
The Qatari virgin olive oil market shrank sharply to $X in 2019, with a decrease of -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed modest growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Virgin olive oil consumption peaked at $X in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.
Virgin Olive Oil Exports
Exports from Qatar
For the fifth consecutive year, Qatar recorded decline in shipments abroad of olive oil (virgin), which decreased by -X% to X tonnes in 2019. Over the period under review, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Exports peaked at X tonnes in 2012; however, from 2013 to 2019, exports remained at a lower figure.
In value terms, virgin olive oil exports fell to $X in 2019. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. As a result, exports reached the peak of $X. From 2015 to 2019, the growth exports remained at a somewhat lower figure.
Exports by Country
Russia (X tonnes) was the main destination for virgin olive oil exports from Qatar, accounting for a approx. X% share of total exports.
From 2007 to 2019, the average annual growth rate of volume to Russia was relatively modest.
From 2007 to 2019, the average annual rate of growth in terms of value to Russia was relatively modest.
Export Prices by Country
In 2019, the average virgin olive oil export price amounted to $X per tonne, approximately equating the previous year. In general, export price indicated a mild increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, virgin olive oil export price increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs in 2019 and is likely to see steady growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Russia.
From 2007 to 2019, the rate of growth in terms of prices for Russia amounted to X% per year.
Virgin Olive Oil Imports
Imports into Qatar
In 2019, virgin olive oil imports into Qatar dropped markedly to X tonnes, falling by -X% against 2018. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.
In value terms, virgin olive oil imports shrank dramatically to $X in 2019. Overall, imports continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Imports peaked at $X in 2013; however, from 2014 to 2019, imports remained at a lower figure.
Imports by Country
In 2019, Turkey (X tonnes) constituted the largest virgin olive oil supplier to Qatar, accounting for a X% share of total imports. Moreover, virgin olive oil imports from Turkey exceeded the figures recorded by the second-largest supplier, Spain (X tonnes), twofold. Italy (X tonnes) ranked third in terms of total imports with a X% share.
From 2007 to 2019, the average annual rate of growth in terms of volume from Turkey amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Italy (+X% per year).
In value terms, Turkey ($X), Spain ($X) and Italy ($X) appeared to be the largest virgin olive oil suppliers to Qatar, together accounting for X% of total imports. Tunisia, Greece, Jordan and Morocco lagged somewhat behind, together accounting for a further X (+X% per year) recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2019, the average virgin olive oil import price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, import price indicated a modest increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, virgin olive oil import price decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2018 to 2019, the growth in terms of the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Italy ($X per tonne), while the price for Turkey ($X per tonne) was amongst the lowest.
From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Jordan, while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox AI Platform
Frequently Asked Questions (FAQ) :
What are the largest markets for olive oil (virgin) in the world?+
The countries with the highest volumes of virgin olive oil consumption in 2019 were Spain (969K tonnes), Italy (755K tonnes) and Greece (340K tonnes), with a combined 55% share of global consumption. These countries were followed by the U.S., Morocco, France, Tunisia, Algeria, Brazil, Portugal, Syrian Arab Republic and Germany, which together accounted for a further 28%.
What are the largest producers of olive oil (virgin) in the world?+
Spain (1.7M tonnes) constituted the country with the largest volume of virgin olive oil production, accounting for 45% of total volume. Moreover, virgin olive oil production in Spain exceeded the figures recorded by the second-largest producer, Italy (477K tonnes), fourfold. Greece (434K tonnes) ranked third in terms of total production with a 12% share.
What are the leading suppliers of olive oil (virgin) to Qatar?+
In value terms, the largest virgin olive oil suppliers to Qatar were Turkey ($842K), Spain ($721K) and Italy ($687K), with a combined 75% share of total imports. These countries were followed by Tunisia, Greece, Jordan and Morocco, which together accounted for a further 23%.
What is the average export price for olive oil (virgin) in Qatar?+
In 2019, the average virgin olive oil export price amounted to $6,064 per tonne, standing approx. at the previous year.
What is the average import price for olive oil (virgin) in Qatar?+
In 2019, the average virgin olive oil import price amounted to $3,910 per tonne, which is down by -26.4% against the previous year.
This report provides an in-depth analysis of the virgin olive 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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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