Jordan: Biological Product Market 2024

Biological Product Market Size in Jordan

The Jordanian biological product market skyrocketed to $X in 2022, rising by X% against the previous year. Over the period under review, consumption enjoyed a strong increase. Biological product consumption peaked in 2022 and is expected to retain growth in years to come.

Biological Product Production in Jordan

In value terms, biological product production stood at $X in 2022 estimated in export price. Over the period under review, production saw a prominent increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Biological Product Exports

Exports from Jordan

In 2022, after two years of growth, there was significant decline in overseas shipments of biological products, when their volume decreased by X% to X tons. Over the period under review, exports showed a dramatic decrease. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then shrank significantly in the following year.

In value terms, biological product exports declined notably to $X in 2022. Overall, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then dropped significantly in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for biological product exports from Jordan, with a X% share of total exports. Moreover, biological product exports to the United Arab Emirates exceeded the volume sent to the second major destination, Free Zones (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at X%.

In value terms, Free Zones ($X) emerged as the key foreign market for biological products exports from Jordan, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

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

Export Prices by Country

The average biological product export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, export price indicated a remarkable increase 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, biological product export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Free Zones ($X per ton), while the average price for exports to the United Arab Emirates totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

Biological Product Imports

Imports into Jordan

In 2022, approx. X tons of biological products were imported into Jordan; waning by X% against the previous year. In general, imports faced a deep downturn. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, biological product imports dropped dramatically to $X in 2022. Over the period under review, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then contracted rapidly in the following year.

Imports by Country

The United States (X tons), Germany (X tons) and Switzerland (X tons) were the main suppliers of biological product imports to Jordan, with a combined X% share of total imports. The UK, Italy, France, China, Japan, Argentina, Ireland, Spain, Denmark and Belgium lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest biological product suppliers to Jordan were Germany ($X), Switzerland ($X) and the United States ($X), together comprising X% of total imports. Ireland, Japan, the UK, France, Spain, Belgium, Denmark, Italy, Argentina and China lagged somewhat behind, together accounting for a further X%.

Japan, 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

The average biological product import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, import price indicated a prominent increase 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, biological product import price increased by X% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform