Vegetable Oils Market Overview in Qatar
In value terms, vegetable oils production dropped to $ in 2019 estimated in export prices. In general, production recorded temperate growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by % y-o-y. Vegetable oils production peaked at $ in 2017; however, from 2018 to 2019, production failed to regain the momentum.
The revenue of the vegetable oils market in Qatar fell to $ in 2019, 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). In general, consumption continues to indicate a noticeable increase. The growth pace was the most rapid in 2017 when the market value increased by % y-o-y. As a result, consumption attained the peak level of $. From 2018 to 2019, the growth of the market remained at a lower figure.