Jordan: Virgin Olive Oil Market 2025

Virgin Olive Oil Market Size in Jordan

The Jordanian virgin olive oil market fell remarkably to $X in 2022, waning by -16.8% against the previous year. Overall, consumption continues to indicate a pronounced decline. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Virgin Olive Oil Production in Jordan

In value terms, virgin olive oil production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a mild slump. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. Virgin olive oil production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Virgin Olive Oil Exports

Exports from Jordan

For the third consecutive year, Jordan recorded growth in shipments abroad of virgin olive oil, which increased by 5.2% to X tons in 2022. Overall, exports enjoyed prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 937% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, virgin olive oil exports reached $X in 2022. Over the period under review, exports showed a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 766%. As a result, the exports reached the peak of $X; afterwards, it flattened through to 2022.

Exports by Country

The United Arab Emirates (X tons) was the main destination for virgin olive oil exports from Jordan, accounting for a 46% share of total exports. Moreover, virgin olive oil exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X tons), twofold. Qatar (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +19.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+11.0% per year) and Qatar (+26.9% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for virgin olive oil exports from Jordan, comprising 43% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 19% share of total exports. It was followed by Kuwait, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia totaled +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+3.8% per year) and Kuwait (+8.7% per year).

Export Prices by Country

In 2022, the average virgin olive oil export price amounted to $X per ton, declining by -4.5% against the previous year. In general, the export price recorded a abrupt setback. The pace of growth was the most pronounced in 2013 when the average export price increased by 6.8% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton 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 Saudi Arabia ($X per ton), while the average price for exports to Israel ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Virgin Olive Oil Imports

Imports into Jordan

Virgin olive oil imports into Jordan dropped rapidly to X tons in 2022, shrinking by -44.5% compared with 2021 figures. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 817% against the previous year. As a result, imports attained the peak of X tons, and then declined notably in the following year.

In value terms, virgin olive oil imports reduced notably to $X in 2022. Over the period under review, imports, however, continue to indicate slight growth. The most prominent rate of growth was recorded in 2021 when imports increased by 784%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Tunisia (X tons) constituted the largest supplier of virgin olive oil to Jordan, with a 83% share of total imports. Moreover, virgin olive oil imports from Tunisia exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Tunisia totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-11.5% per year) and Saudi Arabia (+12.5% per year).

In value terms, Tunisia ($X) constituted the largest supplier of virgin olive oil to Jordan, comprising 85% of total imports. The second position in the ranking was held by Spain ($X), with a 5.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Tunisia totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-13.8% per year) and Saudi Arabia (+7.8% per year).

Import Prices by Country

The average virgin olive oil import price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2013 an increase of 11%. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Tunisia ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform