Jordan: Meat Market 2024

Meat Market Size in Jordan

In 2022, the Jordanian meat market decreased by X% to $X, falling for the fourth year in a row after two years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Meat consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Meat Production in Jordan

In value terms, meat production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate strong growth. The growth pace was the most rapid in 2017 when the production volume increased by X%. Meat production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The average yield of meat in Jordan amounted to X kg per head in 2022, approximately mirroring 2021. Over the period under review, the yield indicated a moderate increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat yield decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The meat yield peaked at X kg per head in 2020; however, from 2021 to 2022, the yield remained at a lower figure.

In 2022, number of animals slaughtered for meat production in Jordan declined modestly to X heads, with a decrease of X% compared with the previous year. This number increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The number of animals slaughtered for meat production peaked at X heads in 2017; however, from 2018 to 2022, producing animals stood at a somewhat lower figure.

Meat Exports

Exports from Jordan

In 2022, overseas shipments of meat decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, exports recorded a sharp reduction. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, meat exports rose slightly to $X in 2022. Over the period under review, exports saw a significant decrease. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Qatar (X tons), Iraq (X tons) and Saudi Arabia (X tons) were the main destinations of meat exports from Jordan, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for meat exported from Jordan were Qatar ($X), Iraq ($X) and Saudi Arabia ($X), with a combined X% share of total exports.

Among the main countries of destination, Qatar, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average meat export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($X per ton) and Qatar ($X per ton), while the average price for exports to Iraq ($X per ton) and Saudi Arabia ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat Imports

Imports into Jordan

In 2022, meat imports into Jordan reduced notably to X tons, which is down by X% compared with the previous year. In general, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, meat imports dropped sharply to $X in 2022. Over the period under review, imports recorded a perceptible downturn. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons), Brazil (X tons) and Australia (X tons) were the main suppliers of meat imports to Jordan, with a combined X% share of total imports. New Zealand, Turkey, South Africa, the United States and Sudan lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest meat suppliers to Jordan were India ($X), Brazil ($X) and Australia ($X), together accounting for X% of total imports. New Zealand, South Africa, Turkey, the United States and Sudan lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Turkey, with a CAGR of X%, recorded the highest growth rate of 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 meat import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

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 South Africa ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform