Updated Jan 11, 2023 00:28

Cow Peas Market in Qatar

Market Overview
The Qatari cow peas market skyrocketed to $ in , with an increase of % 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). Over the period under review, consumption showed a prominent expansion. Cow peas consumption peaked at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.


Consumption
In , consumption of cow peas (dry) in Qatar surged to tons, picking up by % compared with the year before. Over the period under review, consumption enjoyed a prominent increase. Cow peas consumption peaked at tons in 2014; however, from 2015 to , consumption failed to regain momentum.

The revenue of the cow peas 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 recorded a prominent increase. Cow peas consumption peaked at $ in 2014; however, from 2015 to , consumption remained at a lower figure.


Market Forecast
The cow peas market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year 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
Cow peas 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. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately ( percentage point) over the period under review.


Trade Balance
Qatar remains a net importer of cow peas; in physical and value terms, imports consistently exceeded exports from 2007 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.