Jordan: Processed Meat Market 2024

Processed Meat Market Size in Jordan

The Jordanian processed meat market totaled $X in 2022, picking up by X% against the previous year. Over the period under review, the total consumption indicated a prominent 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 decreased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Processed Meat Production in Jordan

In value terms, processed meat production rose markedly to $X in 2022 estimated in export price. In general, the total production 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Processed meat production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Processed Meat Exports

Exports from Jordan

In 2022, approx. X tons of processed meat were exported from Jordan; picking up by X% on 2021. In general, exports, however, showed a abrupt descent. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, processed meat exports surged to $X in 2022. Over the period under review, exports saw a pronounced expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

Saudi Arabia (X tons), Qatar (X tons) and the United Arab Emirates (X tons) were the main destinations of processed meat exports from Jordan, together accounting for X% of total exports. Kuwait, Iraq, Bahrain, Oman, Lebanon and Egypt lagged somewhat behind, together accounting for a further X%.

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

In value terms, Saudi Arabia ($X), Qatar ($X) and the United Arab Emirates ($X) constituted the largest markets for processed meat exported from Jordan worldwide, with a combined X% share of total exports. Kuwait, Iraq, Bahrain, Oman, Lebanon and Egypt lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Oman, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average processed meat export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price posted resilient growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Kuwait ($X per ton) and Bahrain ($X per ton), while the average price for exports to Egypt ($X per ton) and Iraq ($X 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 Iraq (X%), while the prices for the other major destinations experienced more modest paces of growth.

Processed Meat Imports

Imports into Jordan

In 2022, supplies from abroad of processed meat was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. In general, imports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, processed meat imports expanded sharply to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and Palestine (X tons) were the main suppliers of processed meat imports to Jordan, with a combined X% share of total imports. The Netherlands, Brazil, Turkey and Kuwait lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Kuwait (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Palestine ($X) appeared to be the largest processed meat suppliers to Jordan, together comprising X% of total imports. The Netherlands, Brazil, Turkey and Kuwait lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 processed meat import price amounted to $X per ton, surging by X% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2022: its price 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, processed meat import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Brazil ($X per ton) and Palestine ($X per ton), while the price for Turkey ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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