Qatar: Chemically Modified Oils Market 2025

Chemically Modified Oils Market Size in Qatar

In 2022, the Qatari chemically modified oils market increased by 14% to $X, rising for the third year in a row after two years of decline. In general, consumption showed resilient growth. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Chemically Modified Oils Production in Qatar

In value terms, chemically modified oils production soared to $X in 2022 estimated in export price. In general, production showed significant growth. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Chemically Modified Oils Exports

Exports from Qatar

For the third consecutive year, Qatar recorded growth in overseas shipments of animal or vegetable fats and oils chemically modified, which increased by 16% to X tons in 2022. The total export volume increased at an average annual rate of +17.5% from 2020 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 19%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, chemically modified oils exports surged to $X in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 75%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for chemically modified oils exports from Qatar, with a approx. 38% share of total exports.

From 2020 to 2022, the average annual rate of growth in terms of volume to the Netherlands amounted to +101.9%.

In value terms, the Netherlands ($X) emerged as the key foreign market for animal or vegetable fats and oils chemically modified exports from Qatar.

From 2020 to 2022, the average annual growth rate of value to the Netherlands totaled +209.5%.

Export Prices by Country

In 2022, the average chemically modified oils export price amounted to $X per ton, growing by 21% against the previous year. Over the period under review, export price indicated a significant expansion from 2020 to 2022: its price increased at an average annual rate of +33.6% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chemically modified oils export price increased by +78.5% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 48%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2020 to 2022, the rate of growth in terms of prices for India amounted to +61.7% per year.

Chemically Modified Oils Imports

Imports into Qatar

In 2022, overseas purchases of animal or vegetable fats and oils chemically modified increased by 211% to X tons, rising for the second year in a row after three years of decline. Overall, imports showed a measured increase. The growth pace was the most rapid in 2015 when imports increased by 1,667%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, chemically modified oils imports soared to $X in 2022. In general, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2015 with an increase of 3,403% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest chemically modified oils supplier to Qatar, with a 55% share of total imports. Moreover, chemically modified oils imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was held by Canada (X tons), with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +39.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+47.1% per year) and Canada (+10.2% per year).

In value terms, China ($X) constituted the largest supplier of animal or vegetable fats and oils chemically modified to Qatar, comprising 54% of total imports. The second position in the ranking was held by India ($X), with a 23% share of total imports. It was followed by Canada, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +85.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+57.3% per year) and Canada (+11.1% per year).

Import Prices by Country

The average chemically modified oils import price stood at $X per ton in 2022, jumping by 18% against the previous year. In general, the import price recorded a tangible increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 98% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+32.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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