Qatar: Chocolate Market 2024

Chocolate Market Size in Qatar

The Qatari chocolate market soared to $X in 2022, growing by 18% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +20.3% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Chocolate Exports

Exports from Qatar

In 2022, the amount of chocolate and cocoa products exported from Qatar rose slightly to X tons, with an increase of 4.4% on the previous year's figure. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 281% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, chocolate exports expanded remarkably to $X in 2022. Overall, exports, however, saw a deep setback. The pace of growth appeared the most rapid in 2020 when exports increased by 264% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X tons), the United Arab Emirates (X tons) and the UK (X tons) were the main destinations of chocolate exports from Qatar.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, Turkey ($X), the UK ($X) and the United Arab Emirates ($X) appeared to be the largest markets for chocolate exported from Qatar worldwide, together accounting for 99.9% of total exports.

Turkey, with a CAGR of -1.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average chocolate export price amounted to $X per ton, with an increase of 2.5% against the previous year. In general, the export price, however, recorded a deep setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 34%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate Imports

Imports into Qatar

In 2022, overseas purchases of chocolate and cocoa products were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, chocolate imports skyrocketed to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +20.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of chocolate to Qatar, with a 26% share of total imports. Moreover, chocolate imports from Turkey exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+9.7% per year) and Italy (+4.7% per year).

In value terms, the largest chocolate suppliers to Qatar were the UK ($X), Turkey ($X) and the Netherlands ($X), together accounting for 33% of total imports. Italy, Switzerland, Lebanon, Poland, Germany, Russia, Belgium, Malaysia, France and China lagged somewhat behind, together accounting for a further 52%.

Russia, with a CAGR of +30.5%, saw 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 more modest paces of growth.

Import Prices by Country

In 2022, the average chocolate import price amounted to $X per ton, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2020 an increase of 8.7% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then dropped slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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