Jordan: Market for Fish Fillets and Other Fish Meat 2024

Market Size for Fish Fillets and Other Fish Meat in Jordan

In 2022, the Jordanian market for fish fillets and other fish meat increased by 15% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, saw a perceptible contraction. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Fish Fillets and Other Fish Meat

Exports from Jordan

Exports of fish fillets and other fish meat from Jordan shrank notably to X tons in 2022, which is down by -75.9% against the previous year's figure. Overall, exports showed a precipitous contraction. The most prominent rate of growth was recorded in 2020 with an increase of 93%. Over the period under review, the exports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of fish fillets and other fish meat reduced notably to $X in 2022. Over the period under review, exports showed a sharp shrinkage. The growth pace was the most rapid in 2020 with an increase of 95%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Iraq (X tons) was the main destination for exports of fish fillets and other fish meat from Jordan, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Iraq amounted to -6.8%.

In value terms, Iraq ($X) emerged as the key foreign market for fish fillets and other fish meat exports from Jordan.

From 2012 to 2022, the average annual rate of growth in terms of value to Iraq amounted to -7.8%.

Export Prices by Country

The average export price for fish fillets and other fish meat stood at $X per ton in 2022, increasing by 55% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fish fillets and other fish meat increased by +68.7% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 60% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Iraq.

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +10.2% per year.

Imports of Fish Fillets and Other Fish Meat

Imports into Jordan

In 2022, the amount of fish fillets and other fish meat imported into Jordan dropped slightly to X tons, declining by -2.2% compared with the previous year's figure. Overall, imports showed a deep contraction. The growth pace was the most rapid in 2018 with an increase of 24% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of fish fillets and other fish meat rose significantly to $X in 2022. Over the period under review, imports continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2018 with an increase of 25%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest supplier of fish fillets and other fish meat to Jordan, with a 72% share of total imports. Moreover, imports of fish fillets and other fish meat from Vietnam exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fivefold. The third position in this ranking was taken by Uganda (X tons), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume from Vietnam stood at -9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+0.1% per year) and Uganda (-5.6% per year).

In value terms, Vietnam ($X) constituted the largest supplier of fish fillets and other fish meat to Jordan, comprising 55% of total imports. The second position in the ranking was taken by Uganda ($X), with a 16% share of total imports. It was followed by the United Arab Emirates, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Vietnam amounted to -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Uganda (+1.1% per year) and the United Arab Emirates (+3.1% per year).

Import Prices by Country

In 2022, the average import price for fish fillets and other fish meat amounted to $X per ton, surging by 15% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% 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 fish fillets and other fish meat increased by +54.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 27%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Uganda ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform