Jordan: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Jordan

The Jordanian starch manufacture residues market shrank slightly to $X in 2022, reducing by -3.7% against the previous year. Over the period under review, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.5% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Starch Manufacture Residues Production in Jordan

In value terms, starch manufacture residues production fell modestly to $X in 2022 estimated in export price. In general, the total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -10.2% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of 28%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Starch Manufacture Residues Exports

Exports from Jordan

In 2022, the amount of residues of starch manufacture exported from Jordan totaled X tons, approximately reflecting the previous year's figure. Over the period under review, exports recorded buoyant growth. The smallest decline of -86.4% was in 2020. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, starch manufacture residues exports totaled $X in 2022. Overall, exports posted a resilient increase. The smallest decline of -84.9% was in 2020. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for starch manufacture residues exports from Jordan, accounting for a approx. 100% share of total exports.

From 2014 to 2022, the average annual growth rate of volume to Saudi Arabia stood at -1.4%.

From 2014 to 2022, the average annual growth rate of value to Saudi Arabia stood at +4.6%.

Export Prices by Country

In 2022, the average starch manufacture residues export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price recorded a modest expansion. The most prominent rate of growth was recorded in 2020 an increase of 11% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2014 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +6.2% per year.

Starch Manufacture Residues Imports

Imports into Jordan

For the seventh year in a row, Jordan recorded growth in overseas purchases of residues of starch manufacture, which increased by 54% to X tons in 2022. Overall, imports showed a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of 505%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, starch manufacture residues imports skyrocketed to $X in 2022. In general, imports continue to indicate a notable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 95% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of starch manufacture residues to Jordan, accounting for a 85% share of total imports. Moreover, starch manufacture residues imports from the United States exceeded the figures recorded by the second-largest supplier, Denmark (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+33.9% per year) and Saudi Arabia (0.0% per year).

In value terms, the United States ($X) constituted the largest supplier of residues of starch manufacture to Jordan, comprising 85% of total imports. The second position in the ranking was held by Denmark ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+23.5% per year) and Saudi Arabia (0.0% per year).

Import Prices by Country

The average starch manufacture residues import price stood at $X per ton in 2022, rising by 10% against the previous year. Overall, the import price, however, saw a mild curtailment. The pace of growth appeared the most rapid in 2021 when the average import price increased by 14%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 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 country with the highest price was Denmark ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform