Jordan: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Jordan

The Jordanian chocolate and confectionery market totaled $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Chocolate And Confectionery Production in Jordan

In value terms, chocolate and confectionery production expanded markedly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -11.0% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 78% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Chocolate And Confectionery Exports

Exports from Jordan

In 2022, approx. X tons of chocolate and confectionery were exported from Jordan; with an increase of 131% compared with the year before. Over the period under review, exports posted buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, chocolate and confectionery exports skyrocketed to $X in 2022. Overall, exports showed strong growth. The pace of growth was the most pronounced in 2017 with an increase of 114%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) was the main destination for chocolate and confectionery exports from Jordan, with a 58% share of total exports. Moreover, chocolate and confectionery exports to Saudi Arabia exceeded the volume sent to the second major destination, Iraq (X tons), fivefold. The third position in this ranking was taken by Palestine (X tons), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia totaled +29.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+1.4% per year) and Palestine (+4.6% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for chocolate and confectionery exports from Jordan, comprising 55% of total exports. The second position in the ranking was taken by Iraq ($X), with a 13% share of total exports. It was followed by Palestine, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to +32.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+17.8% per year) and Palestine (+4.1% per year).

Export Prices by Country

In 2022, the average chocolate and confectionery export price amounted to $X per ton, shrinking by -10.4% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chocolate and confectionery export price decreased by -23.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 67% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lebanon ($X per ton), while the average price for exports to Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports into Jordan

In 2022, chocolate and confectionery imports into Jordan declined dramatically to X tons, falling by -17.9% on the year before. The total import volume increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 20%. Over the period under review, imports hit record highs at X tons in 2021, and then declined markedly in the following year.

In value terms, chocolate and confectionery imports contracted rapidly to $X in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 19%. Imports peaked at $X in 2021, and then dropped sharply in the following year.

Imports by Country

The Netherlands (X tons), Italy (X tons) and the United Arab Emirates (X tons) were the main suppliers of chocolate and confectionery imports to Jordan, with a combined 43% share of total imports. Lebanon, the UK, Egypt, Spain, Belgium, Turkey, Poland, Germany, Ghana and the United States lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +20.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Italy ($X) and the United Arab Emirates ($X) appeared to be the largest chocolate and confectionery suppliers to Jordan, with a combined 42% share of total imports. Lebanon, the UK, Egypt, Turkey, Belgium, Spain, Poland, Germany, the United States and Ghana lagged somewhat behind, together comprising a further 44%.

Among the main suppliers, Poland, with a CAGR of +18.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average chocolate and confectionery import price amounted to $X per ton, surging by 1.6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 6.4% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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 the United Arab Emirates ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform