Jordan: Frozen Fish Market 2024

Frozen Fish Market Size in Jordan

The Jordanian frozen fish market expanded significantly to $X in 2022, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Frozen fish consumption peaked in 2022 and is likely to see gradual growth in years to come.

Frozen Fish Exports

Exports from Jordan

Frozen fish exports from Jordan surged to X tons in 2022, rising by X% against 2021 figures. Over the period under review, exports, however, continue to indicate a deep setback. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, frozen fish exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a deep setback. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Free Zones (X tons) was the main destination for frozen fish exports from Jordan, with a X% share of total exports. Moreover, frozen fish exports to Free Zones exceeded the volume sent to the second major destination, Iraq (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Free Zones amounted to X%.

In value terms, Free Zones ($X) remains the key foreign market for frozen fish exports from Jordan, comprising X% of total exports. The second position in the ranking was taken by Iraq ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Free Zones amounted to X%.

Export Prices by Country

The average frozen fish export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to Free Zones stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (X%).

Frozen Fish Imports

Imports into Jordan

In 2022, imports of frozen fish into Jordan contracted slightly to X tons, falling by X% compared with the previous year's figure. Over the period under review, total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at X tons in 2021, and then shrank slightly in the following year.

In value terms, frozen fish imports expanded rapidly to $X in 2022. Overall, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Argentina (X tons), Turkey (X tons) and Vietnam (X tons) were the main suppliers of frozen fish imports to Jordan, with a combined X% share of total imports. The United Arab Emirates, Spain, Norway, China and Aruba lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen fish suppliers to Jordan were Turkey ($X), Vietnam ($X) and Argentina ($X), together accounting for X% of total imports. The United Arab Emirates, Norway, Spain, China and Aruba lagged somewhat behind, together accounting for a further X%.

The United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average frozen fish import price amounted to $X per ton, surging by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Aruba ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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