Jordan: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Jordan

In 2022, after three years of growth, there was significant decline in the Jordanian market for malt extract and food preparations of flour, meal, and starches, when its value decreased by -47.8% to $X. In general, consumption continues to indicate a deep contraction. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Jordan

In 2022, shipments abroad of malt extract and food preparations of flour, meal, and starches decreased by -14.2% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 266% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2021, and then fell in the following year.

In value terms, exports of malt extract and food preparations of flour, meal, and starches fell to $X in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 190% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Iraq (X tons), Syrian Arab Republic (X tons) and Palestine (X tons) were the main destinations of exports of malt extract and food preparations of flour, meal, and starches from Jordan, together accounting for 72% of total exports. Saudi Arabia, Sudan, Senegal and Free Zones lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for Sudan (with a CAGR of +85.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X), Syrian Arab Republic ($X) and Palestine ($X) appeared to be the largest markets for malt extract and food preparations of flour, meal, and starch exported from Jordan worldwide, with a combined 72% share of total exports. Saudi Arabia, Sudan, Senegal and Free Zones lagged somewhat behind, together accounting for a further 21%.

In terms of the main countries of destination, Sudan, with a CAGR of +84.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, rising by 9.7% against the previous year. In general, the export price continues to indicate a mild increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 148% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Iraq ($X per ton) and Saudi Arabia ($X per ton), while the average price for exports to Free Zones ($X per ton) and Sudan ($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 Turkey (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Jordan

In 2022, overseas purchases of malt extract and food preparations of flour, meal, and starches decreased by -39% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 107%. Imports peaked at X tons in 2021, and then declined notably in the following year.

In value terms, imports of malt extract and food preparations of flour, meal, and starches dropped notably to $X in 2022. Over the period under review, imports showed a slight descent. The pace of growth appeared the most rapid in 2019 when imports increased by 127% against the previous year. Over the period under review, imports of reached the maximum at $X in 2021, and then reduced sharply in the following year.

Imports by Country

The United Arab Emirates (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of imports of malt extract and food preparations of flour, meal, and starches to Jordan, together accounting for 73% of total imports. Poland, Germany, the UK, Belgium, Ireland, Italy, Malta and Egypt lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +122.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), France ($X) and the Netherlands ($X) appeared to be the largest malt extract and food preparations of flour, meal, and starch suppliers to Jordan, with a combined 73% share of total imports. Poland, Germany, the UK, Belgium, Ireland, Italy, Malta and Egypt lagged somewhat behind, together comprising a further 19%.

In terms of the main suppliers, Poland, with a CAGR of +114.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, rising by 6.8% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 24%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United Arab Emirates ($X per ton) and Poland ($X per ton), while the price for the UK ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform