Jordan: Dairy Spread Market 2024

Dairy Spread Market Size in Jordan

The Jordanian dairy spread market fell slightly to $X in 2022, which is down by -1.7% against the previous year. In general, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.0% against 2019 indices. Dairy spread consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Dairy Spread Production in Jordan

In value terms, dairy spread production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, saw a remarkable increase. The growth pace was the most rapid in 2014 when the production volume increased by 87%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Dairy Spread Exports

Exports from Jordan

In 2022, overseas shipments of dairy spreads decreased by -18.3% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 406%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, dairy spread exports reduced rapidly to $X in 2022. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 386% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons), Qatar (X tons) and Kuwait (X tons) were the main destinations of dairy spread exports from Jordan, with a combined 94% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +54.7%), while the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X) remains the key foreign market for dairy spreads exports from Jordan, comprising 59% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 25% share of total exports. It was followed by Kuwait, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar amounted to +37.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+43.2% per year) and Kuwait (+22.4% per year).

Export Prices by Country

The average dairy spread export price stood at $X per ton in 2022, falling by -6.5% against the previous year. Over the period under review, the export price showed a mild slump. The pace of growth appeared the most rapid in 2015 an increase of 29%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Saudi Arabia ($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 Qatar (+4.3%), while the prices for the other major destinations experienced a decline.

Dairy Spread Imports

Imports into Jordan

In 2022, imports of dairy spreads into Jordan rose to X tons, with an increase of 2.7% compared with the year before. Overall, imports, however, showed a mild decrease. The pace of growth was the most pronounced in 2018 when imports increased by 969% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, dairy spread imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a mild increase. The growth pace was the most rapid in 2018 when imports increased by 744%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest dairy spread supplier to Jordan, accounting for a 81% share of total imports. Moreover, dairy spread imports from the United States exceeded the figures recorded by the second-largest supplier, Egypt (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +53.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+15.6% per year) and Turkey (-18.6% per year).

In value terms, the United States ($X) constituted the largest supplier of dairy spreads to Jordan, comprising 81% of total imports. The second position in the ranking was taken by Egypt ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +61.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+22.8% per year) and Turkey (-15.9% per year).

Import Prices by Country

The average dairy spread import price stood at $X per ton in 2022, surging by 21% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dairy spread import price increased by +139.2% against 2018 indices. The growth pace was the most rapid in 2019 when the average import price increased by 86%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Egypt ($X per ton) was 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