Jordan: Cheese And Curd Market 2024

Cheese And Curd Market Size in Jordan

After three years of growth, the Jordanian cheese and curd market decreased by -5.7% to $X in 2022. The market value increased at an average annual rate of +4.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Cheese and curd consumption peaked at $X in 2021, and then reduced in the following year.

Cheese And Curd Production in Jordan

In value terms, cheese and curd production soared to $X in 2022 estimated in export price. Overall, production saw a significant expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 288%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Cheese And Curd Exports

Exports from Jordan

In 2022, the amount of cheese and curd exported from Jordan fell rapidly to X tons, which is down by -33.1% on the year before. Over the period under review, exports showed a pronounced downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 15% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, cheese and curd exports declined rapidly to $X in 2022. The total export value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 33%. The exports peaked at $X in 2021, and then fell dramatically in the following year.

Exports by Country

Iraq (X tons) was the main destination for cheese and curd exports from Jordan, accounting for a 39% share of total exports. Moreover, cheese and curd exports to Iraq exceeded the volume sent to the second major destination, Saudi Arabia (X tons), twofold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Iraq stood at -10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-1.0% per year) and the United Arab Emirates (+14.6% per year).

In value terms, Iraq ($X) remains the key foreign market for cheese and curd exports from Jordan, comprising 41% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 20% share of total exports. It was followed by the United Arab Emirates, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Iraq stood at -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+3.4% per year) and the United Arab Emirates (+18.1% per year).

Export Prices by Country

The average cheese and curd export price stood at $X per ton in 2022, increasing by 2.1% against the previous year. In general, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cheese and curd export price increased by +46.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 29% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Kuwait ($X per ton) and Iraq ($X per ton), while the average price for exports to Israel ($X per ton) and Free Zones ($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 (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese And Curd Imports

Imports into Jordan

In 2022, cheese and curd imports into Jordan reduced rapidly to X tons, which is down by -24.2% against the previous year's figure. Over the period under review, imports saw a slight contraction. The pace of growth appeared the most rapid in 2013 with an increase of 10%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, cheese and curd imports contracted dramatically to $X in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 17% against the previous year. Imports peaked at $X in 2021, and then reduced sharply in the following year.

Imports by Country

Saudi Arabia (X tons), Egypt (X tons) and Turkey (X tons) were the main suppliers of cheese and curd imports to Jordan, together accounting for 51% of total imports. Poland, Hungary, Belgium, Denmark, New Zealand, Germany, Bahrain, Cyprus, the United States and France lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for Cyprus (with a CAGR of +18.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cheese and curd suppliers to Jordan were Saudi Arabia ($X), Egypt ($X) and Turkey ($X), with a combined 52% share of total imports. Poland, Hungary, New Zealand, Denmark, Germany, Belgium, Bahrain, the United States, Cyprus and France lagged somewhat behind, together comprising a further 36%.

Cyprus, with a CAGR of +15.4%, recorded the highest rates of growth with regard to 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 cheese and curd import price stood at $X per ton in 2022, with an increase of 11% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2020 an increase of 22% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Bahrain ($X per ton) and New Zealand ($X per ton), while the price for Belgium ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform