Jordan: Dried Mushroom Market 2024

Dried Mushroom Market Size in Jordan

In 2022, the Jordanian dried mushroom market decreased by -19.5% to $X for the first time since 2017, thus ending a four-year rising trend. Over the period under review, consumption, however, recorded a measured increase. Dried mushroom consumption peaked at $X in 2021, and then shrank significantly in the following year.

Dried Mushroom Production in Jordan

In value terms, dried mushroom production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 32% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Dried Mushroom Exports

Exports from Jordan

In 2022, shipments abroad of dried mushrooms and truffles increased by 8.9% to X tons, rising for the second year in a row after three years of decline. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 1,009% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, dried mushroom exports skyrocketed to $X in 2022. Overall, exports, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 312% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Free Zones (X tons) was the main destination for dried mushroom exports from Jordan, with a 94% share of total exports. Moreover, dried mushroom exports to Free Zones exceeded the volume sent to the second major destination, Saudi Arabia (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Free Zones was relatively modest.

In value terms, Free Zones ($X) and Saudi Arabia ($X) were the largest markets for dried mushroom exported from Jordan worldwide.

Saudi Arabia, with a CAGR of +9.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average dried mushroom export price amounted to $X per ton, jumping by 70% against the previous year. Over the period under review, the export price, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 511% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Free Zones stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (-3.3%).

Dried Mushroom Imports

Imports into Jordan

After two years of growth, overseas purchases of dried mushrooms and truffles decreased by -35.9% to X tons in 2022. Overall, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 401%. As a result, imports attained the peak of X tons, and then fell rapidly in the following year.

In value terms, dried mushroom imports fell sharply to $X in 2022. Over the period under review, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by 498%. As a result, imports attained the peak of $X, and then fell markedly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest dried mushroom supplier to Jordan, accounting for a 73% share of total imports. Moreover, dried mushroom imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. The third position in this ranking was held by Egypt (X kg), with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+267.5% per year) and Egypt (+27.2% per year).

In value terms, China ($X) constituted the largest supplier of dried mushrooms and truffles to Jordan, comprising 74% of total imports. The second position in the ranking was held by India ($X), with a 17% share of total imports. It was followed by Egypt, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +31.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+209.0% per year) and Egypt (+77.7% per year).

Import Prices by Country

In 2022, the average dried mushroom import price amounted to $X per ton, surging by 3.7% against the previous year. Over the period under review, the import price recorded a remarkable increase. The growth pace was the most rapid in 2019 an increase of 64%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 India ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+39.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform