Jordan: Dry Vegetable Market 2024

Dry Vegetable Market Size in Jordan

After two years of growth, the Jordanian dry vegetable market decreased by -22.7% to $X in 2022. Overall, consumption recorded a abrupt descent. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Dry Vegetable Production in Jordan

In value terms, dry vegetable production surged to $X in 2022 estimated in export price. In general, production, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 415% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Dry Vegetable Exports

Exports from Jordan

In 2022, the amount of dry vegetables exported from Jordan declined to X tons, dropping by -8.8% on 2021 figures. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 598% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, dry vegetable exports shrank modestly to $X in 2022. In general, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,069%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Free Zones (X tons) was the main destination for dry vegetable exports from Jordan, with a 59% share of total exports. Moreover, dry vegetable exports to Free Zones exceeded the volume sent to the second major destination, the United States (X tons), threefold. Australia (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 Free Zones totaled -19.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+141.1% per year) and Australia (+360.7% per year).

In value terms, Free Zones ($X) emerged as the key foreign market for dry vegetables exports from Jordan, comprising 51% of total exports. The second position in the ranking was held by the United States ($X), with a 23% share of total exports. It was followed by Australia, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Free Zones totaled -11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+108.7% per year) and Australia (+93.6% per year).

Export Prices by Country

In 2022, the average dry vegetable export price amounted to $X per ton, increasing by 6.9% against the previous year. In general, the export price recorded a strong expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 71%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Israel ($X per ton) and Qatar ($X per ton), while the average price for exports to Free Zones ($X per ton) and the United States ($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 Egypt (+50.6%), while the prices for the other major destinations experienced more modest paces of growth.

Dry Vegetable Imports

Imports into Jordan

In 2022, overseas purchases of dry vegetables decreased by -41.1% to X tons, falling for the fourth consecutive year after three years of growth. Overall, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 33% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, dry vegetable imports declined notably to $X in 2022. Over the period under review, total imports indicated noticeable growth 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, imports decreased by -42.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 46% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), Egypt (X tons) and China (X tons) were the main suppliers of dry vegetable imports to Jordan, together comprising 78% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +16.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Egypt ($X) and China ($X) constituted the largest dry vegetable suppliers to Jordan, together comprising 74% of total imports.

India, with a CAGR of +27.1%, recorded 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 dry vegetable import price stood at $X per ton in 2022, increasing by 3.6% against the previous year. Overall, the import price recorded prominent growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by 65% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Lithuania ($X per ton) and Germany ($X per ton), while the price for India ($X per ton) and China ($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 (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform