Sep 28, 2023

Qatar Sees a Modest Decline in the Price of Virgin Olive Oil, Now at $4,374 per Ton.

Qatar Virgin Olive Oil Import Price in November 2022

In November 2022, the virgin olive oil price amounted to $4,374 per ton (CIF, Qatar), dropping by -5.8% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 an increase of 25% month-to-month. As a result, import price reached the peak level of $5,587 per ton. From September 2022 to November 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In November 2022, the country with the highest price was Greece ($14,404 per ton), while the price for Jordan ($1,809 per ton) was amongst the lowest.

From November 2021 to November 2022, the most notable rate of growth in terms of prices was attained by Turkey (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Qatar Virgin Olive Oil Import Prices By Country (USD Per Ton)

COUNTRY	Import Price of Virgin Olive Oil in Qatar (USD per ton)
COUNTRY	Nov 2021	Dec 2021	Jan 2022	Feb 2022	Mar 2022	Apr 2022	May 2022	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022
Greece	4,869	5,346	N/A	5,398	6,411	N/A	9,415	8,583	6,014	N/A	N/A	N/A	14,404
Spain	3,770	5,473	5,132	6,782	3,608	5,733	4,875	2,763	17,771	5,969	5,545	6,112	5,418
Italy	6,875	5,296	6,701	5,026	7,002	4,483	5,676	10,361	7,204	6,700	5,517	7,134	5,169
Syrian Arab Republic	N/A	5,276	N/A	2,580	2,065	4,338	N/A	4,591	4,187	5,690	N/A	5,890	3,696
Jordan	1,700	1,226	1,231	N/A	1,367	N/A	N/A	N/A	N/A	N/A	N/A	N/A	1,809
Turkey	N/A	N/A	N/A	1,088	3,421	N/A	N/A	N/A	3,478	23,046	3,569	3,107	N/A
Tunisia	N/A	N/A	N/A	2,991	N/A	4,936	4,736	3,452	N/A	6,138	N/A	4,679	N/A
Average	4,313	4,334	3,288	3,217	3,655	4,473	5,035	4,287	4,473	5,587	4,827	4,645	4,374

Qatar Virgin Olive Oil Imports

In November 2022, imports of virgin olive oil into Qatar dropped to 131 tons, declining by -2.6% on the previous month's figure. Overall, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in February 2022 when imports increased by 82% m-o-m.

In value terms, virgin olive oil imports dropped to $573K (IndexBox estimates) in November 2022. In general, imports showed a abrupt curtailment. The pace of growth was the most pronounced in February 2022 with an increase of 78% month-to-month.

Qatar Virgin Olive Oil Imports by Country

Palestine (35 tons), Syrian Arab Republic (35 tons) and Spain (27 tons) were the main suppliers of virgin olive oil imports to Qatar, together accounting for 74% of total imports.

From November 2021 to November 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Syrian Arab Republic (with a CAGR of +7.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest virgin olive oil suppliers to Qatar were Palestine ($159K), Spain ($147K) and Syrian Arab Republic ($128K), with a combined 76% share of total imports.

Syrian Arab Republic, with a CAGR of +3.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
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A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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Understanding the Current State of The Market and Its Prospects
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2. MARKET STRUCTURE
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Finding New Products to Diversify Your Business
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1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
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7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
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The Largest Producers on The Market and Their Profiles
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LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

Qatar Sees a Modest Decline in the Price of Virgin Olive Oil, Now at $4,374 per Ton.

Qatar Virgin Olive Oil Import Price in November 2022

Qatar Virgin Olive Oil Imports

Qatar Virgin Olive Oil Imports by Country

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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