Non-Liquid Margarine Price in Jordan - 2022

Contents:

1. Non-Liquid Margarine Price in Jordan (CIF) - 2022
2. Non-Liquid Margarine Price in Jordan (FOB) - 2022
3. Non-Liquid Margarine Imports in Jordan
4. Non-Liquid Margarine Exports in Jordan

Non-Liquid Margarine Price in Jordan (CIF) - 2022

The average non-liquid margarine import price stood at $2,040 per ton in 2022, jumping by 26% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-liquid margarine import price increased by +68.3% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United Arab Emirates ($2,040 per ton) and Ukraine ($2,040 per ton), while the price for Italy ($2,040 per ton) and Belgium ($2,040 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Non-Liquid Margarine Price in Jordan (FOB) - 2022

The average non-liquid margarine export price stood at $1,939 per ton in 2022, rising by 29% against the previous year. Over the period under review, the export price continues to indicate a modest expansion. The growth pace was the most rapid in 2018 an increase of 31%. The export price peaked at $2,169 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,939 per ton), while the average price for exports to Saudi Arabia amounted to $1,939 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (+5.6%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Liquid Margarine Imports in Jordan

Non-liquid margarine imports into Jordan fell to 2.8K tons in 2022, which is down by -4.7% compared with the previous year's figure. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 30% against the previous year. As a result, imports attained the peak of 3K tons, and then shrank modestly in the following year.

In value terms, non-liquid margarine imports surged to $5.8M in 2022. In general, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 59%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Non-Liquid Margarine to Jordan in 2022:

1. Italy (809.8 tons)
2. Tunisia (673.1 tons)
3. United Arab Emirates (345.4 tons)
4. Egypt (343.4 tons)
5. Turkey (273.0 tons)
6. Saudi Arabia (237.7 tons)
7. Belgium (119.8 tons)
8. Ukraine (21.3 tons)

Non-Liquid Margarine Exports in Jordan

After three years of growth, shipments abroad of non-liquid margarine decreased by -69.7% to 100 tons in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,921% against the previous year. As a result, the exports attained the peak of 330 tons, and then declined dramatically in the following year.

In value terms, non-liquid margarine exports contracted rapidly to $194K in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 1,506% against the previous year. As a result, the exports reached the peak of $497K, and then contracted rapidly in the following year.

Top Export Markets for Non-Liquid Margarine from Jordan in 2022:

1. Saudi Arabia (70.6 tons)
2. United States (29.4 tons)

Source: IndexBox Market Intelligence Platform