Jordan: Sunflower Seed Market 2024

Sunflower Seed Market Size in Jordan

In 2022, the Jordanian sunflower seed market decreased by -48.2% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, saw buoyant growth. Sunflower seed consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Sunflower Seed Exports

Exports from Jordan

In 2022, sunflower seed exports from Jordan soared to X tons, rising by 77% on the previous year's figure. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2016 when exports increased by 173% 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, sunflower seed exports soared to $X in 2022. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 416% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for sunflower seed exports from Jordan, with a 60% share of total exports. Moreover, sunflower seed exports to Saudi Arabia exceeded the volume sent to the second major destination, Free Zones (X tons), threefold. China (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia stood at +62.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (+19.5% per year) and China (+36.5% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for sunflower seed exports from Jordan, comprising 60% of total exports. The second position in the ranking was held by Free Zones ($X), with a 20% share of total exports. It was followed by China, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to +38.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (+20.0% per year) and China (+30.9% per year).

Export Prices by Country

In 2022, the average sunflower seed export price amounted to $X per ton, with a decrease of -24.6% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 89% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Saudi Arabia ($X per ton) and Turkey ($X per ton), while the average price for exports to Free Zones ($X per ton) and China ($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 Free Zones (+0.4%), while the prices for the other major destinations experienced a decline.

Sunflower Seed Imports

Imports into Jordan

In 2022, overseas purchases of sunflower seed decreased by -38.1% to X tons, falling for the second consecutive year after three years of growth. Overall, imports, however, posted prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of 74%. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, sunflower seed imports declined markedly to $X in 2022. Over the period under review, imports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2014 when imports increased by 80%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of sunflower seed to Jordan, accounting for a 85% share of total imports. Moreover, sunflower seed imports from China exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +55.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+15.7% per year) and the United States (-26.1% per year).

In value terms, China ($X) constituted the largest supplier of sunflower seed to Jordan, comprising 85% of total imports. The second position in the ranking was held by Bulgaria ($X), with a 9.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +59.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+18.3% per year) and the United States (-25.4% per year).

Import Prices by Country

In 2022, the average sunflower seed import price amounted to $X per ton, picking up by 2.7% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sunflower seed import price increased by +66.9% against 2018 indices. The growth pace was the most rapid in 2019 when the average import price increased by 31%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform