Price for Butter and Other Fats and Oils Derived from Milk in Jordan - 2022
Contents:
- Price for Butter and Other Fats and Oils Derived from Milk in Jordan (CIF) - 2022
- Price for Butter and Other Fats and Oils Derived from Milk in Jordan (FOB) - 2022
- Imports of Butter and Other Fats and Oils Derived from Milk in Jordan
- Exports of Butter and Other Fats and Oils Derived from Milk in Jordan
Price for Butter and Other Fats and Oils Derived from Milk in Jordan (CIF) - 2022
In December 2022, the average import price for butter and other fats and oils derived from milk amounted to $7,005 per ton, stabilizing at the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2022 when the average import price increased by 3% m-o-m. As a result, import price attained the peak level of $7,351 per ton. From July 2022 to December 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the countries with the highest prices were France ($7,549 per ton) and Saudi Arabia ($7,087 per ton), while the price for the United States ($6,509 per ton) and New Zealand ($6,981 per ton) were amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Butter and Other Fats and Oils Derived from Milk in Jordan (FOB) - 2022
In 2022, the average export price for butter and other fats and oils derived from milk amounted to $7,341 per ton, jumping by 23% against the previous year. Overall, the export price continues to indicate a prominent expansion. The growth pace was the most rapid in 2020 when the average export price increased by 93%. The export price peaked in 2022 and is likely to see gradual growth in the near future.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($7,956 per ton) and Saudi Arabia ($7,282 per ton), while the average price for exports to Free Zones ($7,281 per ton) and the United Arab Emirates ($7,281 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+66.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Butter and Other Fats and Oils Derived from Milk in Jordan
In 2022, the amount of butter and other fats and oils derived from milk imported into Jordan was estimated at 3.7K tons, with an increase of 5.4% compared with 2021. The total import volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 6.8%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the near future.
In value terms, imports of butter and other fats and oils derived from milk soared to $26M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Butter and Other Fats and Oils Derived from Milk in Jordan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 4.3 | 2.4 | 4.9 | 9.0 | 27.9% |
| Denmark | 2.7 | 3.9 | 2.9 | 3.6 | 10.1% |
| France | 4.2 | 2.4 | 2.6 | 3.2 | -8.7% |
| Saudi Arabia | 1.5 | 2.5 | 2.0 | 2.6 | 20.1% |
| New Zealand | 1.4 | 1.5 | 1.2 | 1.4 | 0.0% |
| Germany | 0.6 | 0.2 | 0.3 | 1.2 | 26.0% |
| Ukraine | 1.2 | 0.6 | 1.0 | 1.0 | -5.9% |
| United States | N/A | 0.1 | 0.6 | 1.0 | 216.2% |
| Belgium | 1.8 | 1.8 | 1.7 | 0.9 | -20.6% |
| Others | 0.8 | 0.5 | 1.7 | 2.6 | 48.1% |
| Total | 18.4 | 16.0 | 18.7 | 26.3 | 12.6% |
Top Suppliers of Butter and Other Fats and Oils Derived from Milk to Jordan in 2022:
- Netherlands (1205.2 tons)
- Denmark (512.5 tons)
- France (422.5 tons)
- Saudi Arabia (366.1 tons)
- New Zealand (201.3 tons)
- United States (172.1 tons)
- Germany (165.4 tons)
- Ukraine (137.0 tons)
- Belgium (123.3 tons)
Exports of Butter and Other Fats and Oils Derived from Milk in Jordan
In 2022, the amount of butter and other fats and oils derived from milk exported from Jordan rose modestly to 76 tons, picking up by 2.3% compared with 2021 figures. Over the period under review, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 174%. As a result, the exports attained the peak of 160 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of butter and other fats and oils derived from milk surged to $555K in 2022. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 429%. As a result, the exports attained the peak of $608K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Butter and Other Fats and Oils Derived from Milk in Jordan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 40.6 | 295 | 107 | 429 | 119.4% |
| United Arab Emirates | 16.9 | 149 | N/A | 66.9 | 58.2% |
| United States | 19.0 | 26.8 | N/A | 53.5 | 41.2% |
| Saudi Arabia | N/A | 137 | 106 | 4.9 | -81.1% |
| United Kingdom | N/A | N/A | 108 | N/A | 0% |
| Iraq | N/A | N/A | 120 | N/A | 0% |
| Ukraine | 38.6 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 115 | 608 | 440 | 555 | 69.0% |
Top Export Markets for Butter and Other Fats and Oils Derived from Milk from Jordan in 2022:
- Free Zones (58.9 tons)
- United Arab Emirates (9.2 tons)
- United States (6.7 tons)
- Saudi Arabia (0.7 tons)
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This report provides an in-depth analysis of the butter and ghee market in Jordan.
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This report provides an in-depth analysis of the ghee market in Jordan.
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This report provides an in-depth analysis of the butter market in Jordan.
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This report provides an in-depth analysis of the dairy produce market in Jordan.
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This report provides an in-depth analysis of the market for butter and dairy spreads in Jordan.
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This report provides an in-depth analysis of the dairy spread market in Jordan.
2103
This report provides an in-depth analysis of the global butter and ghee market.
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This report provides an in-depth analysis of the global ghee market.
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This report provides an in-depth analysis of the global butter market.
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This report provides an in-depth analysis of the global dairy produce market.
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Global butter and ghee consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
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Global butter and ghee exports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
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Global butter and ghee imports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
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In 2015, the countries with the highest levels of butter and ghee production were Turkey (X thousand tons), Iran (X thousand tons), Syria (X thousand tons), together accounting for X% of total output.
1032
The global butter and ghee market fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015.
2790
The market of butter and ghee fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015. Over the last year, the market dropped by X% in value terms.
1758
New Zealand seized control of the butter and ghee market. In 2014, New Zealand exported X thousand tons of butter and ghee totaling X USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total but
1584
New Zealand continued its dominance in the global ghee trade. In 2014, New Zealand exported X thousand tons of ghee totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total ghee
923
This year global butter production is anticipated to keep up with ha last year, amounting to 5.6M tons. The EU is forecast to decrease butter exports due to a slight drop in production amid an increase in demand. Butter exports from New Zealand are not forecast to grow due to increased competition with UHT cream for food service being increasingly in demand.
2015
The global trade in butter amounted to X million USD in 2015, fluctuating wildly over the period under review. A significant drop in 2009 was followed by a recovery over the next two years, until exports decreased again
