Price for Cereal Groats and Meal; of Wheat in Jordan - 2022

Contents:

1. Price for Cereal Groats and Meal; of Wheat in Jordan (CIF) - 2022
2. Price for Cereal Groats and Meal; of Wheat in Jordan (FOB) - 2022
3. Imports of Cereal Groats and Meal; of Wheat in Jordan
4. Exports of Cereal Groats and Meal; of Wheat in Jordan

Price for Cereal Groats and Meal; of Wheat in Jordan (CIF) - 2022

The average import price for cereal groats and meal; of wheats stood at $732 per ton in 2022, jumping by 28% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. As a result, import price attained 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 ($732 per ton) and Saudi Arabia ($732 per ton), while the price for Italy ($732 per ton) and France ($732 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cereal Groats and Meal; of Wheat in Jordan (FOB) - 2022

In 2022, the average export price for cereal groats and meal; of wheats amounted to $646 per ton, reducing by -26.9% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 95% against the previous year. The export price peaked at $904 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($1,799 per ton), while the average price for exports to the United Arab Emirates ($290 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+77.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Groats and Meal; of Wheat in Jordan

In 2022, after two years of decline, there was significant growth in purchases abroad of cereal groats and meal; of wheats, when their volume increased by 183% to 971 tons. Over the period under review, imports, however, saw a dramatic decrease.

In value terms, imports of cereal groats and meal; of wheats skyrocketed to $711K in 2022. In general, imports, however, saw a precipitous decrease.

Top Suppliers of Cereal Groats and Meal; of Wheat to Jordan in 2022:

1. France (341.9 tons)
2. Italy (268.9 tons)
3. Turkey (199.1 tons)
4. United Arab Emirates (64.6 tons)
5. Saudi Arabia (56.0 tons)
6. Tunisia (26.7 tons)

Exports of Cereal Groats and Meal; of Wheat in Jordan

In 2022, overseas shipments of cereal groats and meal; of wheats decreased by -25% to 28 tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year. As a result, the exports reached the peak of 48 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of cereal groats and meal; of wheats declined remarkably to $18K in 2022. In general, exports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 60% against the previous year.

Top Export Markets for Cereal Groats and Meal; of Wheat from Jordan in 2022:

1. Italy (9.6 tons)
2. United States (7.1 tons)
3. United Arab Emirates (4.7 tons)
4. Kuwait (2.1 tons)
5. Germany (2.0 tons)
6. Sweden (1.4 tons)
7. Bahrain (1.2 tons)

Source: IndexBox Market Intelligence Platform