Updated Jan 21, 2023 04:25

Bambara Bean Market in Qatar

Market Overview
The Qatari bambara bean market skyrocketed to $ in , jumping by % 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). In general, consumption, however, showed a abrupt setback. Over the period under review, the market attained the peak level at $ in 2016; however, from 2017 to , consumption remained at a lower figure.


Consumption
In , approx. tons of bambara beans were consumed in Qatar; growing by % against figures. Over the period under review, consumption, however, continues to indicate a dramatic downturn. Bambara bean consumption peaked at tons in 2016; however, from 2017 to , consumption stood at a somewhat lower figure.

The revenue of the bambara bean market in Qatar soared to $ in , growing by % 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, consumption, however, continues to indicate a abrupt decrease. Bambara bean consumption peaked at $ in 2016; however, from 2017 to , consumption stood at a somewhat lower figure.


Market Forecast
Depressed by shrinking demand for bambara bean in Qatar, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Bambara bean market in Qatar remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.


Trade Balance
Qatar remains a net importer of bambara bean; in physical and value terms, imports consistently exceeded exports from 2014 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.