Jordan: Processed Meat Market 2024

Processed Meat Market Size in Jordan

The Jordanian processed meat market soared to $X in 2023, increasing by X% against the previous year. Overall, consumption posted a resilient expansion. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in the immediate term.

Processed Meat Production in Jordan

In value terms, processed meat production rose sharply to $X in 2023 estimated in export price. Overall, production recorded strong growth. The growth pace was the most rapid in 2017 with an increase of X%. Processed meat production peaked in 2023 and is likely to see steady growth in years to come.

Processed Meat Exports

Exports from Jordan

In 2023, the amount of processed meat exported from Jordan contracted markedly to X tons, declining by X% compared with 2022. Overall, exports saw a precipitous slump. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2023, the growth of the exports remained at a lower figure.

In value terms, processed meat exports shrank notably to $X in 2023. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Bahrain (X tons) was the main destination for processed meat exports from Jordan, with a X% share of total exports. Moreover, processed meat exports to Bahrain exceeded the volume sent to the second major destination, Iraq (X tons), fivefold. The third position in this ranking was held by Qatar (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Bahrain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and Qatar (X% per year).

In value terms, Bahrain ($X) emerged as the key foreign market for processed meat exports from Jordan, comprising X% of total exports. The second position in the ranking was taken by Iraq ($X), with a X% share of total exports. It was followed by Qatar, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Bahrain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and Qatar (X% per year).

Export Prices by Country

The average processed meat export price stood at $X per ton in 2023, increasing by X% against the previous year. In general, export price indicated a strong expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, processed meat export price increased by X% against 2013 indices. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The export price peaked in 2023 and is expected to retain growth in the near future.

Average prices varied noticeably for the major export markets. In 2023, amid the top suppliers, the countries with the highest prices were Iraq ($X per ton) and the United Arab Emirates ($X per ton), while the average price for exports to Bahrain ($X per ton) and Qatar ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Processed Meat Imports

Imports into Jordan

Processed meat imports into Jordan shrank rapidly to X tons in 2023, waning by X% on 2022. Overall, imports recorded a noticeable slump. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2023, the growth of imports remained at a lower figure.

In value terms, processed meat imports reached $X in 2023. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2023, 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, together comprising X% of total imports. Brazil, the Netherlands, Turkey and Kuwait lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Kuwait (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

Kuwait, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2023, the average processed meat import price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Turkey ($X per ton) and the Netherlands ($X per ton), while the price for the United Arab Emirates ($X per ton) and Palestine ($X per ton) were amongst the lowest.

From 2012 to 2023, 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