Jordan - Vegetable Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVegetable Oils Price in Jordan - 2022
Contents:
- Vegetable Oils Price in Jordan (CIF) - 2022
- Vegetable Oils Price in Jordan (FOB) - 2022
- Vegetable Oils Imports in Jordan
- Vegetable Oils Exports in Jordan
Vegetable Oils Price in Jordan (CIF) - 2022
The average vegetable oils import price stood at $2,621 per ton in 2022, surging by 35% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable oils import price increased by +78.9% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United Arab Emirates ($2,621 per ton) and Indonesia ($2,621 per ton), while the price for Saudi Arabia ($2,621 per ton) and Palestine ($2,621 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Vegetable Oils Price in Jordan (FOB) - 2022
The average vegetable oils export price stood at $2,779 per ton in 2022, picking up by 55% against the previous year. Over the period under review, the export price recorded prominent growth. The growth pace was the most rapid in 2018 an increase of 92%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Palestine ($2,780 per ton) and Yemen ($2,779 per ton), while the average price for exports to the United States ($2,778 per ton) and Free Zones ($2,779 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 Palestine (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.
Vegetable Oils Imports in Jordan
In 2022, supplies from abroad of vegetable fats and oils decreased by -40% to 5.7K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports showed a abrupt decrease. The growth pace was the most rapid in 2021 when imports increased by 22% against the previous year. As a result, imports attained the peak of 9.5K tons, and then declined rapidly in the following year.
In value terms, vegetable oils imports declined remarkably to $15M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +7.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 61%. As a result, imports attained the peak of $18M, and then contracted notably in the following year.
| Import of Vegetable Oils in Jordan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 8.8 | 8.1 | 11.6 | 7.9 | -3.5% |
| Indonesia | 0.1 | 0.3 | 0.9 | 2.0 | 171.4% |
| United Arab Emirates | 1.5 | 1.4 | 1.8 | 1.6 | 2.2% |
| Saudi Arabia | N/A | 0.2 | 1.3 | 1.4 | 164.6% |
| Palestine | 0.9 | 0.8 | 1.2 | 0.7 | -8.0% |
| Egypt | 0.2 | 0.1 | 0.7 | 0.4 | 26.0% |
| Sweden | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Others | 0.5 | 0.5 | 0.6 | 0.7 | 11.9% |
| Total | 12.0 | 11.4 | 18.4 | 14.9 | 7.5% |
Top Suppliers of Vegetable Oils to Jordan in 2022:
- Malaysia (3006.5 tons)
- Indonesia (759.0 tons)
- United Arab Emirates (592.9 tons)
- Saudi Arabia (529.8 tons)
- Palestine (269.1 tons)
- Egypt (152.0 tons)
- Sweden (108.6 tons)
Vegetable Oils Exports in Jordan
In 2022, overseas shipments of vegetable fats and oils decreased by -69.1% to 30 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2020 with an increase of 88% against the previous year. As a result, the exports attained the peak of 612 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, vegetable oils exports contracted notably to $84K in 2022. Overall, exports saw a sharp setback. The pace of growth was the most pronounced in 2020 when exports increased by 107% against the previous year. As a result, the exports reached the peak of $608K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Vegetable Oils in Jordan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 93.3 | 174 | 48.0 | 44.1 | -22.1% |
| Yemen | N/A | 63.0 | N/A | 33.4 | -27.2% |
| Palestine | 68.8 | N/A | N/A | 3.7 | -62.3% |
| United States | 32.9 | 56.0 | 67.7 | 2.7 | -56.5% |
| Iraq | 11.6 | N/A | 38.6 | N/A | 82.4% |
| Netherlands | 82.0 | 281 | N/A | N/A | 242.7% |
| Others | 5.1 | 33.4 | 20.9 | N/A | 102.4% |
| Total | 294 | 608 | 175 | 83.8 | -34.2% |
Top Export Markets for Vegetable Oils from Jordan in 2022:
- Free Zones (15.9 tons)
- Yemen (12.0 tons)
- Palestine (1.3 tons)
- United States (1.0 tons)
This report provides an in-depth analysis of the vegetable oils 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:
- Prodcom 10416050 - Vegetable fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
150
This report provides an in-depth analysis of the vegetable oils market in Jordan.
129
This report provides an in-depth analysis of the animal fats market in Jordan.
1661
This report provides an in-depth analysis of the global vegetable oils market.
1099
This report provides an in-depth analysis of the global animal fats market.
150
This report provides an in-depth analysis of the vegetable oils market in Jordan.
129
This report provides an in-depth analysis of the animal fats market in Jordan.
1661
This report provides an in-depth analysis of the global vegetable oils market.
1099
This report provides an in-depth analysis of the global animal fats market.
294
This article provides key statistics and insights into the best import markets for vegetable oils. China leads the way, followed by Germany, Malaysia, the United States, Poland, Denmark, France, Thailand, Belgium, and the Netherlands. The global market for vegetable oils continues to expand due to factors such as increasing health consciousness and the versatility of these oils in culinary applications.
294
This article provides key statistics and insights into the best import markets for vegetable oils. China leads the way, followed by Germany, Malaysia, the United States, Poland, Denmark, France, Thailand, Belgium, and the Netherlands. The global market for vegetable oils continues to expand due to factors such as increasing health consciousness and the versatility of these oils in culinary applications.
