Report Update: Apr 1, 2024

Jordan - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights

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Rapeseed Oil Price in Jordan - 2022

Rapeseed Oil Price in Jordan (CIF) - 2022

In 2022, the average rapeseed oil import price amounted to $1,954 per ton, jumping by 22% against the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rapeseed oil import price increased by +35.0% against 2020 indices. The growth pace was the most rapid in 2015 when the average import price increased by 93%. As a result, import price attained the peak level of $1,959 per ton; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Saudi Arabia ($2,067 per ton) and the United Arab Emirates ($1,947 per ton), while the price for Canada ($1,947 per ton) and Malaysia ($1,947 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Rapeseed Oil Price in Jordan (FOB) - 2022

The average rapeseed oil export price stood at $4,074 per ton in 2022, surging by 120% against the previous year. In general, the export price recorded a strong expansion. The export price peaked at $4,303 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +16.2% per year.

Rapeseed Oil Imports in Jordan

Rapeseed oil imports into Jordan soared to 1.8K tons in 2022, growing by 870% against 2021. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, rapeseed oil imports surged to $3.4M in 2022. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Rapeseed Oil in Jordan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	11.7	24.5	19.9	3,030	537.4%
Saudi Arabia	42.7	24.2	147	177	60.6%
Canada	17.1	16.2	22.0	129	96.1%
Bangladesh	16.4	17.6	16.6	24.5	14.3%
Others	96.2	80.5	84.1	73.9	-8.4%
Total	184	163	289	3,434	165.3%

Top Suppliers of Rapeseed Oil to Jordan in 2022:

United Arab Emirates (1556.4 tons)
Saudi Arabia (85.8 tons)
Canada (66.0 tons)
Bangladesh (12.0 tons)

Rapeseed Oil Exports in Jordan

In 2022, approx. 136 kg of rapeseed oil were exported from Jordan; with a decrease of -94% compared with 2021. In general, exports saw a precipitous slump. The pace of growth appeared the most rapid in 2021 with an increase of 1,065%. As a result, the exports attained the peak of 2.3 tons, and then declined sharply in the following year.

In value terms, rapeseed oil exports contracted remarkably to $554 in 2022. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 402%. As a result, the exports reached the peak of $4.2K, and then dropped significantly in the following year.

Export of Rapeseed Oil in Jordan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Canada	N/A	N/A	0.3	0.6	100.0%
Sweden	0.4	N/A	N/A	N/A	0%
United States	N/A	N/A	3.9	N/A	0%
Kuwait	N/A	0.5	N/A	N/A	0%
Others	0.6	0.4	N/A	N/A	-33.3%
Total	1.1	0.8	4.2	0.6	-18.3%

Top Export Markets for Rapeseed Oil from Jordan in 2022:

Canada (136.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the rapeseed oil market in Jordan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 271 - Oil of Rapeseed or Canola oil

Country coverage:

Jordan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Jordan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023