In 2024, Qatar experienced a 34% increase in cow peas imports, totaling 468 tons, despite a significant long-term decline. The value of imports rose to $569,000, with Argentina as a leading supplier alongside Myanmar and Kenya. Import prices slightly increased to $1,064 per ton, and the report offers extensive insights for market stakeholders looking to leverage data for informed business decisions.
As of 2024, Qatar’s imports of shelled cow peas reached 468 tons, reflecting a 34% increase from the previous year. Despite this increase in volume, the overall trend of imports is marked by a substantial decline since their peak of 1,100 tons in 2014. Notably, the most significant growth was seen in 2017 with an unprecedented rise of 1,253%.
The total value of shelled bean imports rose to approximately $569,000, although this still signifies a considerable drop overall. The pinnacle of import value was recorded back in 2014 at $1.3 million, indicating a downward trend in recent years. A 1,113% growth rate was achieved in 2017, highlighting its historical fluctuations.
In terms of sourcing, the main suppliers for 2024 included Myanmar, Argentina, and Kenya, which collectively contributed to 62% of total imports. Among these, Argentina exhibited the most rapid growth rate with a compound annual growth rate (CAGR) of 32.7% between 2014 and 2023. The top three countries accounted for $234,000, or 63% of the total import value into Qatar.
Import prices increased slightly in 2023, standing at $1,064 per ton, showing a 3% rise compared to 2022. Although there was a slight increase, import prices have trended downward overall since peaking at $1,475 per ton in 2016. The UAE had the highest price per ton at $1,440, whereas the lowest was attributed to Myanmar at $759. Overall, price growth remains modest across other major suppliers.
This report offers a comprehensive assessment of the shelled bean market in Qatar, providing insights into current trends, market dynamics, and future forecasts through 2030. It serves as a valuable resource for stakeholders including manufacturers and investors, allowing them to make informed decisions based on the latest market data and trends.
Key aspects analyzed include market volume, value, consumption patterns, trading dynamics, and price trends, ensuring a well-rounded overview for potential market opportunities and strategic planning for business expansion.
In summary, Qatar’s cow peas imports have shown a notable increase in volume for 2024, yet the long-term trend indicates a significant decline compared to historical levels. The primary suppliers continue to exhibit growth, with Argentina leading in both volume and value contributions. Import prices are experiencing mild fluctuations, providing essential insights for stakeholders interested in navigating the Qatari market dynamics. With the data presented, businesses can better strategize for future opportunities.
Original Source: www.indexbox.io
