Jordan: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in Jordan

In 2022, the Jordanian meat-preparation industrial machinery market was finally on the rise to reach $X after three years of decline. In general, consumption continues to indicate prominent growth. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Meat-Preparation Industrial Machinery Production in Jordan

In value terms, meat-preparation industrial machinery production fell to $X in 2022 estimated in export price. Over the period under review, production, however, recorded temperate growth. The growth pace was the most rapid in 2017 when the production volume increased by 254% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Meat-Preparation Industrial Machinery Exports

Exports from Jordan

In 2022, overseas shipments of industrial machinery for the preparation of meat or poultry decreased by -37.5% to X units, falling for the fourth consecutive year after three years of growth. Over the period under review, exports saw a abrupt decrease. The growth pace was the most rapid in 2018 when exports increased by 644%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, meat-preparation industrial machinery exports skyrocketed to $X in 2022. Overall, exports faced a deep slump. The most prominent rate of growth was recorded in 2014 when exports increased by 909%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Free Zones (X units) was the main destination for meat-preparation industrial machinery exports from Jordan, accounting for a 70% share of total exports. Moreover, meat-preparation industrial machinery exports to Free Zones exceeded the volume sent to the second major destination, the United Arab Emirates (X units), sevenfold. Bahrain (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Free Zones amounted to +21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-24.2% per year) and Bahrain (0.0% per year).

In value terms, Free Zones ($X) remains the key foreign market for industrial machinery for the preparation of meat or poultry exports from Jordan, comprising 85% of total exports. The second position in the ranking was held by Bahrain ($X), with a 6% share of total exports. It was followed by Egypt, with a 4.4% share.

From 2012 to 2022, the average annual growth rate of value to Free Zones amounted to +48.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+4,020.6% per year) and Egypt (+37.5% per year).

Export Prices by Country

In 2022, the average meat-preparation industrial machinery export price amounted to $X per unit, surging by 90% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 5,015% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Free Zones ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+4,020.6%), while the prices for the other major destinations experienced more modest paces of growth.

Meat-Preparation Industrial Machinery Imports

Imports into Jordan

In 2022, imports of industrial machinery for the preparation of meat or poultry into Jordan surged to X units, jumping by 250% against 2021 figures. Over the period under review, imports saw a prominent increase. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, meat-preparation industrial machinery imports soared to $X in 2022. Overall, imports, however, saw a slight downturn. The growth pace was the most rapid in 2013 with an increase of 218% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of meat-preparation industrial machinery to Jordan, accounting for a 33% share of total imports. Moreover, meat-preparation industrial machinery imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), twofold. Austria (X units) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +30.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+1.0% per year) and Austria (+32.2% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of industrial machinery for the preparation of meat or poultry to Jordan, comprising 45% of total imports. The second position in the ranking was held by Austria ($X), with a 12% share of total imports. It was followed by Poland, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+36.9% per year) and Poland (+18.8% per year).

Import Prices by Country

The average meat-preparation industrial machinery import price stood at $X per unit in 2022, dropping by -48.6% against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2016 when the average import price increased by 14% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform