Market for Spices Except Pepper or Ginger in Qatar
Market Overview
In 
, the Qatari market for spices except pepper or ginger increased by % to $, rising for the fourth year in a row after three years of decline. Over the period under review, consumption saw a strong increase. Over the period under review, the market reached the maximum level in and is expected to retain growth in the near future.
In value terms, spices except pepper or ginger production totaled $ in estimated in export price. In general, production continues to indicate a significant contraction. The pace of growth was the most pronounced in when the production volume increased by % against the previous year. Over the period under review, production attained the maximum level at $ in 2009; however, from 2010 to , production failed to regain momentum.
The average yield of spices except pepper or ginger in Qatar amounted to less than kg per ha in , flattening at figures. In general, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In, the total area harvested in terms of spices except pepper or ginger production in Qatar amounted to less than ha, remaining relatively unchanged against the previous year. Over the period under review, the harvested area showed a relatively flat trend pattern.
, the Qatari market for spices except pepper or ginger increased by % to $, rising for the fourth year in a row after three years of decline. Over the period under review, consumption saw a strong increase. Over the period under review, the market reached the maximum level in and is expected to retain growth in the near future.In value terms, spices except pepper or ginger production totaled $
in estimated in export price. In general, production continues to indicate a significant contraction. The pace of growth was the most pronounced in when the production volume increased by % against the previous year. Over the period under review, production attained the maximum level at $ in 2009; however, from 2010 to , production failed to regain momentum.The average yield of spices except pepper or ginger in Qatar amounted to less than
kg per ha in , flattening at figures. In general, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.In
, the total area harvested in terms of spices except pepper or ginger production in Qatar amounted to less than ha, remaining relatively unchanged against the previous year. Over the period under review, the harvested area showed a relatively flat trend pattern.Consumption
In , approx. tons of spices except pepper or ginger were consumed in Qatar; increasing by % compared with . Overall, consumption enjoyed resilient growth. Over the period under review, consumption hit record highs in and is expected to retain growth in the immediate term.
The revenue of the market for spices except pepper or ginger in Qatar soared 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 recorded a strong increase. Over the period under review, the market reached the maximum level in and is expected to retain growth in the immediate term.
, approx. tons of spices except pepper or ginger were consumed in Qatar; increasing by % compared with . Overall, consumption enjoyed resilient growth. Over the period under review, consumption hit record highs in and is expected to retain growth in the immediate term.The revenue of the market for spices except pepper or ginger in Qatar soared 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 recorded a strong increase. Over the period under review, the market reached the maximum level in and is expected to retain growth in the immediate term.Market Forecast
Driven by increasing demand for spices except pepper or ginger in Qatar, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase 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 period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase 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
Spices except pepper or ginger 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 spices except pepper or ginger; 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.
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