Vanilla Market in Qatar
Market Overview
The Qatari vanilla market declined to $
in , dropping 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). Over the period under review, consumption, however, saw a strong increase. Over the period under review, the market reached the maximum level at $ in 2008; however, from 2009 to , consumption failed to regain momentum.
in , dropping 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). Over the period under review, consumption, however, saw a strong increase. Over the period under review, the market reached the maximum level at $ in 2008; however, from 2009 to , consumption failed to regain momentum.Consumption
In , after three years of growth, there was significant decline in consumption of vanilla, when its volume decreased by -% to tons. In general, consumption, however, showed a remarkable increase. As a result, consumption attained the peak volume of tons. From 2009 to , the growth of the consumption remained at a somewhat lower figure.
The value of the vanilla market in Qatar shrank to $ in , declining 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). Over the period under review, consumption, however, enjoyed buoyant growth. Vanilla consumption peaked at $ in 2008; however, from 2009 to , consumption failed to regain momentum.
, after three years of growth, there was significant decline in consumption of vanilla, when its volume decreased by -% to tons. In general, consumption, however, showed a remarkable increase. As a result, consumption attained the peak volume of tons. From 2009 to , the growth of the consumption remained at a somewhat lower figure.The value of the vanilla market in Qatar shrank to $
in , declining 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). Over the period under review, consumption, however, enjoyed buoyant growth. Vanilla consumption peaked at $ in 2008; however, from 2009 to , consumption failed to regain momentum.Market Forecast
The vanilla 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 kg 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 .
% for the eight-year period from to , which is projected to depress the market volume to kg 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
Vanilla market in Qatar consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Qatar relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand. 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.
, 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 vanilla; 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.
. 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.
Download XLSX
Download all the data in the form of a report