Qatar’s Cow Peas Imports Surge in Volume but Remain on Decline in Value

Qatar’s cow peas imports increased to 468 tons in 2024, up 34% from last year, yet the overall trend remains a decline since 2014. In terms of value, imports surged to approximately $569,000 supported by Argentina’s strong market position. The average import price per ton reached $1,064, reflecting variations by country of origin. This report provides a detailed analysis of the market’s current trends and prospects.

In 2024, Qatar experienced a significant increase in cow peas imports, reaching 468 tons, which reflects a 34% rise from the previous year. However, overall, the trend has shown a sharp decline since peaking in 2014, when imports totaled 1,100 tons. The most notable increase occurred in 2017 with a staggering 1,253% growth in shelled bean imports.

The value of shelled bean imports also surged, approximating $569,000 in 2024. This surge is contrasted by a long-term decline in import values, peaking at $1.3 million in 2014. Among the key suppliers, Argentina experienced the highest growth at a compound annual growth rate of 34.9%, emphasizing its increasing significance in Qatar’s import landscape.

The principal suppliers of cow peas to Qatar in 2024 included Myanmar, Argentina, and Kenya, which collectively accounted for 62% of total imports. Argentina led in import value at $114,000, demonstrating strong performance in the market during the review period.

In terms of import pricing, the average cost of cow peas in Qatar stood at $1,064 per ton in 2023, reflecting a 3% increase from the prior year. Import prices exhibited variability according to the country of origin, with the United Arab Emirates commanding the highest prices. Over the years, average import prices have oscillated, indicating fluctuations in the market dynamics.

The report offers an analytical overview of Qatar’s shelled bean market, exploring recent trends, consumption patterns, production variables, and pricing developments. It serves as a comprehensive resource for stakeholders including manufacturers, distributors, and investors, aiming to enhance strategic decision-making based on insightful data and market assessments.

In conclusion, while Qatar’s cow peas imports have shown a rise in volume in 2024, the overall trend has been a notable decline since previous years. Argentina has emerged as a key supplier, particularly in terms of value growth. The market dynamics indicate fluctuating prices and a complex interplay between different suppliers, all of which are critical for stakeholders involved in the shelled bean sector in Qatar.

Original Source: www.indexbox.io