Qatar: Palm Kernel Oil Market Overview 2021

Palm Kernel Oil Market Size in Qatar

The Qatari palm kernel oil market skyrocketed to $X in 2019, increasing by 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). Overall, consumption saw a noticeable descent. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. From 2018 to 2019, the growth of the market failed to regain the momentum.

Palm Kernel Oil Exports

Exports from Qatar

In 2019, the amount of palm kernel and babassu oil exported from Qatar totaled X kg, flattening at 2018 figures. Over the period under review, exports showed a relatively flat trend pattern. Over the period under review, exports attained the peak figure at X tonnes in 2009; however, from 2010 to 2019, exports stood at a somewhat lower figure.

In value terms, palm kernel oil exports amounted to $X in 2019. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, exports hit record highs at $X in 2009; however, from 2010 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Ethiopia (X tonnes) was the main destination for palm kernel oil exports from Qatar, with a approx. X% share of total exports.

From 2007 to 2009, the average annual rate of growth in terms of volume to Ethiopia was relatively modest.

From 2007 to 2009, the average annual growth rate of value to Ethiopia was relatively modest.

Export Prices by Country

In 2009, the average palm kernel oil export price amounted to $X per tonne, approximately reflecting the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The export price peaked in 2009 and is likely to see steady growth in the near future.

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

From 2007 to 2009, the rate of growth in terms of prices for Ethiopia amounted to X% per year.

Palm Kernel Oil Imports

Imports into Qatar

Palm kernel oil imports into Qatar soared to X tonnes in 2019, increasing by X% against 2018. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. As a result, imports reached the peak of X tonnes. From 2018 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, palm kernel oil imports surged to $X in 2019. Overall, imports, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. As a result, imports attained the peak of $X. From 2018 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2019, Malaysia (X tonnes) constituted the largest supplier of palm kernel oil to Qatar, with a X% share of total imports. Moreover, palm kernel oil imports from Malaysia exceeded the figures recorded by the second-largest supplier, Lebanon (X tonnes), twofold.

From 2007 to 2019, the average annual growth rate of volume from Malaysia amounted to +X%.

In value terms, Malaysia ($X) and Lebanon ($X) appeared to be the largest palm kernel oil suppliers to Qatar, together accounting for X% of total imports.

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

Import Prices by Country

In 2019, the average palm kernel oil import price amounted to $X per tonne, surging by X% against the previous year. Overall, the import price, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 an increase of X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Lebanon ($X per tonne), while the price for Malaysia totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Lebanon.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for palm kernel and babassu oil in the world?

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The countries with the highest volumes of palm kernel oil consumption in 2019 were Indonesia (2.8M tonnes), Malaysia (1.9M tonnes) and China (802K tonnes), together comprising 66% of global consumption.

What are the largest producers of palm kernel and babassu oil in the world?

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The country with the largest volume of palm kernel oil production was Indonesia (4.7M tonnes), accounting for 56% of total volume. Moreover, palm kernel oil production in Indonesia exceeded the figures recorded by the second-largest producer, Malaysia (2.3M tonnes), twofold. The third position in this ranking was occupied by Thailand (276K tonnes), with a 3.3% share.

What are the leading suppliers of palm kernel and babassu oil to Qatar?

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In value terms, the largest palm kernel oil suppliers to Qatar were Malaysia ($44K) and Lebanon ($40K), together accounting for 100% of total imports.

What is the average export price for palm kernel and babassu oil in Qatar?

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The average palm kernel oil export price stood at $1,354 per tonne in 2009, leveling off at the previous year.

What is the average import price for palm kernel and babassu oil in Qatar?

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The average palm kernel oil import price stood at $1,252 per tonne in 2019, rising by 4.9% against the previous year.