Qatar’s cow peas imports grew to 468 tons in 2024, a 34% increase, although overall import trends have been negative. The value of imports rose to $569,000 but continues to decline from previous peaks. Primary suppliers comprise Argentina, Myanmar, and Kenya, with Argentina showing the highest growth in imports. The average import price in 2023 increased slightly, indicating varying price trends across suppliers.
In 2024, Qatar’s imports of cow peas (dry) reached 468 tons, representing a notable 34% increase from the previous year. However, overall imports exhibit a significant decline, despite an explosive growth rate of 1,253% recorded in 2017. The peak in imports occurred in 2014 with 1.1K tons, showcasing an ongoing downward trend in the years leading to 2024.
In terms of value, shelled bean imports rose to $569,000 in 2024, although this figure is indicative of a broader downturn. Remarkably, 2017 saw imports soar by 1,113%, with previous peaks hitting $1.3 million in 2014. From 2015 through 2024, import values have revealed a persistent decrease.
The chief suppliers of shelled beans to Qatar in 2024 were Myanmar, Argentina, and Kenya, contributing to 62% of the total imports. Between 2014 and 2023, Argentina demonstrated the most significant growth in import volume, achieving a compound annual growth rate (CAGR) of 32.7%, while the other primary suppliers recorded more gradual increases.
In value terms, the leading suppliers included Argentina, Myanmar, and the United Arab Emirates, collectively accounting for over 63% of Qatar’s total imports. Argentina experienced a CAGR of 34.9% during this period, again highlighting its dominance among suppliers.
The average price of cow peas in 2023 was $1,064 per ton, a 3% increase from the prior year. Despite this annual rise, the long-term trend indicates a slight decrease in import prices since reaching highs of $1,475 per ton in 2016. Price disparities remain pronounced among supplier countries; the UAE charges the highest rates while Myanmar offers lower prices at $759 per ton.
The provided report encompasses a comprehensive analysis of Qatar’s shelled bean market, presenting the latest data on market trends, opportunities, consumption, production, and pricing evolutions. Insights about global trade, imports, and exports through 2030 are also included, beneficial for stakeholders such as manufacturers, distributors, and consultants.
In conclusion, Qatar’s cow pea imports have fluctuated significantly, with a notable increase in volume in 2024 compared to prior years, but overall trends indicate a continued decline in values. Argentina remains a key supplier, showing consistent growth. The import price dynamics reveal a mix of rising prices year-on-year against an overall decreasing trend. Stakeholders are encouraged to utilize the data and insights provided to optimize their strategies in this market.
Original Source: www.indexbox.io
