Jordan: Carob Market 2023

Carob Market Size in Jordan

The Jordanian carob market surged to $X in 2022, with an increase of 35% against the previous year. Overall, consumption showed a strong increase. Carob consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Carob Production in Jordan

In value terms, carob production surged to $X in 2022 estimated in export price. In general, production enjoyed significant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

In 2022, the average yield of carob in Jordan totaled less than X kg per ha, remaining relatively unchanged against 2021 figures. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of carob in Jordan was estimated at less than X ha, approximately reflecting the year before. In general, the harvested area recorded a relatively flat trend pattern.

Carob Exports

Exports from Jordan

For the fourth year in a row, Jordan recorded growth in shipments abroad of carob, which increased by 19% to X tons in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 1,657% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, carob exports declined modestly to $X in 2022. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 488% against the previous year. The exports peaked at $X in 2021, and then dropped slightly in the following year.

Exports by Country

Morocco (X tons) was the main destination for carob exports from Jordan, accounting for a 97% share of total exports. Moreover, carob exports to Morocco exceeded the volume sent to the second major destination, Lebanon (X tons), more than tenfold.

From 2016 to 2022, the average annual growth rate of volume to Morocco totaled +16,568.7%.

In value terms, Morocco ($X) emerged as the key foreign market for carob exports from Jordan, comprising 97% of total exports. The second position in the ranking was held by Lebanon ($X), with a 3.3% share of total exports.

From 2016 to 2022, the average annual rate of growth in terms of value to Morocco amounted to +4,389.5%.

Export Prices by Country

In 2022, the average carob export price amounted to $X per ton, falling by -16.8% against the previous year. In general, the export price continues to indicate a sharp contraction. The export price peaked at $X per ton in 2016; however, from 2017 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 Morocco ($X per ton), while the average price for exports to Lebanon amounted to $X per ton.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (-22.3%).

Carob Imports

Imports into Jordan

In 2022, the amount of carob imported into Jordan amounted to X tons, with an increase of 5.5% compared with the previous year. In general, imports, however, continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2017 when imports increased by 111%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, carob imports soared to $X in 2022. Overall, imports, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2020 with an increase of 111%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Lebanon (X tons) and Turkey (X tons) were the main suppliers of carob imports to Jordan.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lebanon (with a CAGR of +79.7%).

In value terms, Turkey ($X) and Lebanon ($X) were the largest carob suppliers to Jordan.

Among the main suppliers, Lebanon, with a CAGR of +46.4%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the average carob import price amounted to $X per ton, jumping by 52% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Lebanon stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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