Qatar: Soybean Oil Market Overview 2020

Soybean Oil Market Size in Qatar

The revenue of the soybean oil market in Qatar amounted to $X in 2017, going up by X% against the previous year. Overall, soybean oil consumption continues to indicate a remarkable increase. The growth pace was the most rapid in 2017, when market value increased by X% y-o-y. Over the period under review, the soybean oil market reached its maximum level of $X in 2010; however, from 2011 to 2017, it stood at a somewhat lower level.

Soybean Oil Production in Qatar

Soybean oil production in Qatar amounted to X kg in 2017, remaining relatively unchanged against the previous year. In general, soybean oil production continues to indicate a drastic curtailment. The pace of growth was the most pronounced in 2012, when the output figure increased by X% y-o-y. In that year, the soybean oil production reached their peak volume of X tonnes. From 2013 to 2017, growth of the soybean oil production failed to regain its momentum.

Soybean Oil Exports from Qatar

In 2017, the amount of soya-bean oil exported from Qatar totaled X tonnes, coming up by X% against the previous year. In general, soybean oil exports continue to indicate a temperate growth. The pace of growth was the most pronounced in 2017, when exports increased by X% y-o-y. In that year, the soybean oil exports attained their peak volume, and are likely to continue its growth in the immediate term.

In value terms, soybean oil exports amounted to $X in 2017. In general, soybean oil exports continue to indicate an abrupt contraction. Qatar exports peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Soybean Oil Exports by Country from Qatar

Argentina represented the major exporting country with an export of around X tonnes, which resulted at X% of total exports. It was distantly followed by Brazil (X tonnes), the U.S. (X tonnes), Russia (X tonnes) and the Netherlands (X tonnes), together creating X% share of total exports. The following exporters - Spain (X tonnes), Bolivia (X tonnes), Germany (X tonnes), Canada (X tonnes) and Ukraine (X tonnes) together made up X% of total exports.

From 2007 to 2017, average annual rates of growth with regard to soybean oil exports from Argentina stood at -X%. At the same time, Ukraine (+X%), Canada (+X%), Russia (+X%), Spain (+X%), Bolivia (+X%), Germany (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. The Netherlands experienced a relatively flat trend pattern. By contrast, Brazil (-X%) illustrated a downward trend over the same period. Argentina (X%) and Brazil (X%) significantly strengthened its position in terms of the global exports, while Canada, the U.S. and Russia saw its share reduced by -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest soybean oil supplier from Qatar, making up X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

In Argentina, soybean oil exports plunged by an average annual rate of -X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-X% per year) and the U.S. (+X% per year).

Soybean Oil Export Prices by Country in Qatar

The soybean oil export price in Qatar stood at $X per tonne in 2017, lowering by -X% against the previous year. Overall, soybean oil export price continues to indicate a drastic deduction. The pace of growth was the most pronounced in 2008, an increase of X% against the previous year. In that year, the export prices for soya-bean oil reached their peak level of $X per tonne. From 2009 to 2017, growth of the export prices for soya-bean oil stood at a somewhat lower level.

Average export prices varied noticeably amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Germany ($X per tonne) and Spain ($X per tonne), while Bolivia ($X per tonne) and Argentina ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Argentina (+X% per year), while the other leaders experienced more modest paces of growth.

Soybean Oil Imports into Qatar

Soybean oil imports into Qatar totaled X tonnes in 2017, growing by X% against the previous year. In general, soybean oil imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2008, with an increase of X% against the previous year. Over the period under review, the soybean oil imports attained its peak figure volume of X tonnes in 2010; however, from 2011 to 2017, it failed to regain its momentum.

In value terms, soybean oil imports stood at $X in 2017. In general, soybean oil imports continue to indicate a prominent growth. In that year, the soybean oil imports reached their peak level, and are likely to continue its growth in the immediate term.

Soybean Oil Imports by Country into Qatar

In 2017, India (X tonnes), distantly followed by Iran (X tonnes), Bangladesh (X tonnes), Algeria (X tonnes) and China (X tonnes) represented the largest importers of soya-bean oil, together mixed up X% of total imports. The following importers - Venezuela (X tonnes), Morocco (X tonnes), Peru (X tonnes), South Korea (X tonnes), Colombia (X tonnes) and Mexico (X tonnes) together made up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Iran (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), Iran ($X) and Bangladesh ($X) were the countries with the highest levels of imports in 2017, together comprising X% of total imports.

Iran (+X% per year) experienced the highest growth rate of imports, among the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Soybean Oil Import Prices by Country in Qatar

In 2017, the soybean oil import price in Qatar amounted to $X per tonne, falling by -X% against the previous year. Overall, soybean oil import price continues to indicate a measured decrease. The pace of growth was the most pronounced in 2014, when it surged by X% y-o-y. In that year, the import prices for soya-bean oil attained their peak level of $X per tonne. From 2015 to 2017, growth of the import prices for soya-bean oil failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Venezuela ($X per tonne), while Bangladesh ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Venezuela (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for soya-bean oil in the world?

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The countries with the highest volumes of soybean oil consumption in 2019 were China (18M tonnes), the U.S. (10M tonnes) and Brazil (8.7M tonnes), with a combined 63% share of global consumption. India, Argentina, Bangladesh and Mexico lagged somewhat behind, together comprising a further 15%.

What are the largest producers of soya-bean oil in the world?

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The countries with the highest volumes of soybean oil production in 2019 were China (18M tonnes), the U.S. (11M tonnes) and Brazil (9.7M tonnes), together comprising 66% of global production.

What are the leading suppliers of soya-bean oil to Qatar?

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In value terms, the U.S. ($829K) constituted the largest supplier of soybean oil to Qatar, comprising 73% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($246K), with a 22% share of total imports.

What are the leading importers of soya-bean oil from Qatar?

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In value terms, France ($2K) remains the key foreign market for soybean oil exports from Qatar, comprising 83% of total exports. The second position in the ranking was occupied by Ghana ($407), with a 17% share of total exports.

What is the average export price for soya-bean oil in Qatar?

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In 2019, the average soybean oil export price amounted to $752 per tonne, with a decrease of -30.6% against the previous year.

What is the average import price for soya-bean oil in Qatar?

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In 2019, the average soybean oil import price amounted to $1,303 per tonne, rising by 3.6% against the previous year.