Jordan: Market for Chocolate Bars with Cereals, Fruit or Nuts 2024

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in Jordan

The Jordanian market for chocolate bars with cereals, fruit or nuts expanded modestly to $X in 2022, growing by 2.3% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Chocolate Bars with Cereals, Fruit or Nuts in Jordan

In value terms, production of chocolate bars with cereals, fruit or nuts reached $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild decline. The pace of growth was the most pronounced in 2015 when the production volume increased by 31%. As a result, production reached the peak level of $X. From 2016 to 2022, production of growth remained at a somewhat lower figure.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports from Jordan

In 2022, shipments abroad of chocolate bars with cereals, fruit or nuts increased by 49% to X tons, rising for the fifth consecutive year after three years of decline. Overall, exports saw a resilient increase. The most prominent rate of growth was recorded in 2019 when exports increased by 306% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of chocolate bars with cereals, fruit or nuts skyrocketed to $X in 2022. In general, exports posted a modest increase. The pace of growth was the most pronounced in 2019 with an increase of 126%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Iraq (X tons) was the main destination for exports of chocolate bars with cereals, fruit or nuts from Jordan, with a 77% share of total exports. Moreover, exports of chocolate bars with cereals, fruit or nuts to Iraq exceeded the volume sent to the second major destination, Saudi Arabia (X tons), fivefold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2022, the average annual growth rate of volume to Iraq amounted to +102.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+4.0% per year) and the United Arab Emirates (+43.7% per year).

In value terms, Iraq ($X) remains the key foreign market for chocolate bars with cereals, fruit or nuts exports from Jordan, comprising 68% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 21% share of total exports. It was followed by the United Arab Emirates, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value to Iraq stood at +85.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+11.6% per year) and the United Arab Emirates (+44.5% per year).

Export Prices by Country

In 2022, the average export price for chocolate bars with cereals, fruit or nuts amounted to $X per ton, growing by 2.5% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2016 when the average export price increased by 31% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Iraq ($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 Saudi Arabia (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports into Jordan

In 2022, supplies from abroad of chocolate bars with cereals, fruit or nuts was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports enjoyed buoyant growth. The pace of growth was the most pronounced in 2013 when imports increased by 85% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of chocolate bars with cereals, fruit or nuts surged to $X in 2022. Over the period under review, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 64% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest cereal, fruit or nut chocolate bar supplier to Jordan, accounting for a 65% share of total imports. Moreover, imports of chocolate bars with cereals, fruit or nuts from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Romania (X tons), ninefold. The UK (X tons) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at +35.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+60.9% per year) and the UK (+1.2% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of chocolate bars with cereals, fruit or nuts to Jordan, comprising 67% of total imports. The second position in the ranking was held by Romania ($X), with a 7.2% share of total imports. It was followed by the UK, with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +43.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+46.3% per year) and the UK (+3.1% per year).

Import Prices by Country

The average import price for chocolate bars with cereals, fruit or nuts stood at $X per ton in 2022, picking up by 8.1% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for chocolate bars with cereals, fruit or nuts increased by +13.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 52%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform