Qatar’s cow peas imports reached 468 tons in 2024, a 34% increase; however, overall trends indicate a significant decline from previous years. The report shows the value of imports surged to $569K, with notable contributions from Argentina and Myanmar. Additionally, the average import price was $1,064 per ton in 2023, reflecting a mix of rising costs and reduced overall demand for cow peas.
In 2024, Qatar’s imports of cow peas, specifically shelled beans (dry), rose dramatically to 468 tons, an increase of 34% compared to the previous year. Despite this year-on-year growth, the overall trend indicates a significant decline in imports. The most considerable rise in imports occurred in 2017, which saw a staggering growth of 1,253%. Over the decade from 2015 to 2024, imports remained relatively low after a peak of 1.1K tons in 2014.
In monetary terms, shelled bean imports escalated to $569K in 2024. However, the decline in demand is evident as values dropped from the record high of $1.3M in 2014. The most substantial increase in import value was in 2017, reaching a remarkable growth rate of 1,113%. The data indicates that values fluctuated throughout the years, trending lower since reaching peak figures.
The leading suppliers of shelled beans to Qatar include Myanmar, Argentina, and Kenya, contributing to 62% of the total imports. Among these, Argentina demonstrated a notable compound annual growth rate (CAGR) of +32.7%, outpacing the other suppliers. Financially, Argentina led the pack with $114K in value, while Myanmar and the United Arab Emirates followed with $63K and $57K, respectively.
In terms of pricing, the average cost of cow peas stood at $1,064 per ton in 2023, marking a 3% increase from the previous year. The prices for imports have seen a slight downward trend overall but were at their peak in 2016 at $1,475 per ton. Notably, the United Arab Emirates recorded the highest price per ton at $1,440, while Myanmar’s was considerably lower at $759.
This report provides a comprehensive analysis of the shelled bean market within Qatar, exploring recent trends, consumption patterns, and future forecasts up to 2030. It is designed to furnish manufacturers, distributors, and investors with critical insights necessary for making informed decisions regarding market entry, sales strategies, and operational efficiencies. The insights included in this report aim to support businesses in navigating opportunities within the cow peas market.
In summary, Qatar’s cow peas import sector in 2024 observed a notable increase in quantity but continued an overall declining trend in value. Key suppliers included Myanmar, Argentina, and Kenya, with Argentina leading in both value and growth rates. The average import prices also reflected varied trends, especially influenced by supplier origin, while the report encompasses essential market insights projected until 2030.
Original Source: www.indexbox.io
