Report Update: Apr 1, 2024

Jordan - Margarine And Shortening - Market Analysis, Forecast, Size, Trends and Insights

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Margarine and Shortening Price in Jordan - 2022

Margarine and Shortening Price in Jordan (CIF) - 2022

The average margarine and shortening import price stood at $2,492 per ton in December 2022, remaining constant against the previous month. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in February 2022 an increase of 7.6% month-to-month. Over the period under review, average import prices attained the maximum at $2,558 per ton in October 2022; however, from November 2022 to December 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In December 2022, the highest price was recorded for prices from the Netherlands ($2,579 per ton) and Ukraine ($2,579 per ton), while the price for Italy ($2,040 per ton) and Tunisia ($2,040 per ton) were amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Margarine and Shortening Price in Jordan (FOB) - 2022

The average margarine and shortening export price stood at $2,282 per ton in 2022, increasing by 45% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. 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 external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Iraq ($2,328 per ton) and the United Arab Emirates ($2,328 per ton), while the average price for exports to Saudi Arabia ($2,244 per ton) and the United States ($2,269 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 Egypt (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Margarine and Shortening Imports in Jordan

In 2022, imports of margarine and shortening into Jordan reached 12K tons, growing by 15% against the previous year. The total import volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 29%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, margarine and shortening imports soared to $28M in 2022. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 60% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Import of Margarine and Shortening in Jordan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Saudi Arabia	1.5	1.2	3.1	6.6	63.9%
Indonesia	1.3	2.1	2.0	4.6	52.4%
Malaysia	1.4	1.4	3.3	3.9	40.7%
Egypt	1.5	1.8	3.7	3.1	27.4%
Turkey	0.7	0.7	0.9	1.3	22.9%
Italy	0.4	0.6	0.8	1.2	44.2%
Oman	N/A	N/A	N/A	1.2	0%
United Arab Emirates	0.1	0.1	0.1	1.2	128.9%
Tunisia	0.3	0.2	0.4	1.0	49.4%
Ukraine	0.5	0.7	1.3	0.8	17.0%
Netherlands	N/A	N/A	0.4	0.8	100.0%
Sweden	0.3	0.5	0.4	0.6	26.0%
United States	0.5	0.4	0.2	0.4	-7.2%
Others	3.5	2.4	3.0	1.2	-30.0%
Total	11.8	12.2	19.6	27.8	33.1%

Top Suppliers of Margarine and Shortening to Jordan in 2022:

Saudi Arabia (2773.2 tons)
Indonesia (1919.9 tons)
Malaysia (1603.8 tons)
Egypt (1337.6 tons)
Italy (645.6 tons)
Turkey (583.6 tons)
United Arab Emirates (535.5 tons)
Tunisia (511.3 tons)
Oman (487.1 tons)
Netherlands (321.1 tons)
Ukraine (320.2 tons)
Sweden (236.0 tons)
United States (179.9 tons)

Margarine and Shortening Exports in Jordan

In 2022, margarine and shortening exports from Jordan fell remarkably to 559 tons, which is down by -40.1% on the year before. Over the period under review, exports recorded a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 49% against the previous year. As a result, the exports attained the peak of 933 tons, and then plummeted in the following year.

In value terms, margarine and shortening exports declined to $1.3M in 2022. Overall, exports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, the exports reached the peak of $1.5M, and then declined in the following year.

Export of Margarine and Shortening in Jordan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Saudi Arabia	166	220	691	489	43.4%
United States	615	816	607	294	-21.8%
Free Zones	290	23.0	85.1	159	-18.2%
Egypt	N/A	N/A	N/A	125	0%
Iraq	N/A	N/A	3.9	111	2746.2%
United Arab Emirates	33.5	6.9	53.9	94.3	41.2%
Ethiopia	97.5	N/A	N/A	N/A	0%
Others	116	111	28.2	3.3	-69.5%
Total	1,319	1,177	1,469	1,275	-1.1%

Top Export Markets for Margarine and Shortening from Jordan in 2022:

Saudi Arabia (218.0 tons)
United States (129.4 tons)
Free Zones (68.1 tons)
Egypt (53.8 tons)
Iraq (47.6 tons)
United Arab Emirates (40.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the margarine and shortening market in Jordan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 1242 - Margarine and Shortening

Country coverage:

Jordan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Jordan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023