Jordan: Fresh Beef Carcase Market 2024

Fresh Beef Carcase Market Size in Jordan

The Jordanian fresh beef carcase market contracted to $X in 2022, dropping by -5.1% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Fresh Beef Carcase Production in Jordan

In value terms, fresh beef carcase production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% 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 2013 with an increase of 52%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Fresh Beef Carcase Exports

Exports from Jordan

Fresh beef carcase exports from Jordan surged to X tons in 2022, rising by 43% compared with 2021. Over the period under review, exports continue to indicate a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fresh beef carcase exports reached $X in 2022. In general, exports posted a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by 28% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

Yemen (X tons) was the main destination for fresh beef carcase exports from Jordan, accounting for a 100% share of total exports. It was followed by the United Arab Emirates (X kg), with a 0.4% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Yemen stood at +12.4%.

In value terms, Yemen ($X) emerged as the key foreign market for fresh or chilled carcases of beef and veal exports from Jordan, comprising 99% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 1.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Yemen totaled +11.8%.

Export Prices by Country

In 2022, the average fresh beef carcase export price amounted to $X per ton, shrinking by -29.8% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 51% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined notably in the following year.

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 the United Arab Emirates ($X per ton), while the average price for exports to Yemen amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+9.2%).

Fresh Beef Carcase Imports

Imports into Jordan

After two years of growth, supplies from abroad of fresh or chilled carcases of beef and veal decreased by -90.8% to X tons in 2022. Overall, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2020 when imports increased by 469%. Imports peaked at X tons in 2021, and then fell sharply in the following year.

In value terms, fresh beef carcase imports declined notably to $X in 2022. Over the period under review, imports recorded a pronounced slump. The most prominent rate of growth was recorded in 2020 when imports increased by 568%. Over the period under review, imports reached the maximum at $X in 2021, and then fell significantly in the following year.

Imports by Country

Turkey (X tons), Sudan (X tons) and Australia (X tons) were the main suppliers of fresh beef carcase imports to Jordan, with a combined 85% share of total imports. Pakistan and Uganda lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +1,623.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Sudan ($X) and Australia ($X) constituted the largest fresh beef carcase suppliers to Jordan, with a combined 85% share of total imports. Pakistan and Uganda lagged somewhat behind, together accounting for a further 15%.

Pakistan, with a CAGR of +1,080.7%, saw 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 fresh beef carcase import price stood at $X per ton in 2022, rising by 12% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh beef carcase import price increased by +51.9% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 33%. The import price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Pakistan ($X per ton) and Sudan ($X per ton), while the price for Turkey ($X per ton) and Uganda ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform