Jordan: Turkey Meat Market 2024

Turkey Meat Market Size in Jordan

The Jordanian turkey meat market declined dramatically to $X in 2022, which is down by -41% against the previous year. In general, consumption recorded a abrupt decrease. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Turkey Meat Production in Jordan

In value terms, turkey meat production totaled $X in 2022 estimated in export price. Overall, production enjoyed prominent growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 152% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

The average yield of turkey meat in Jordan expanded modestly to X kg per head in 2022, with an increase of 4.9% against the year before. Overall, the yield continues to indicate modest growth. The pace of growth was the most pronounced in 2018 when the yield increased by 18% against the previous year. As a result, the yield reached the peak level of X kg per head. From 2019 to 2022, the growth of the average turkey meat yield remained at a lower figure.

In 2022, approx. X heads of animals slaughtered for turkey meat production in Jordan; which is down by -3.4% against the previous year's figure. In general, the number of producing animals, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 when the number of producing animals increased by 94% against the previous year. Over the period under review, this number attained the maximum level at X heads in 2021, and then fell modestly in the following year.

Turkey Meat Exports

Exports from Jordan

In 2022, after two years of decline, there was significant growth in shipments abroad of turkey meat, when their volume increased by 104% to X tons. In general, exports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2016 when exports increased by 168%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, turkey meat exports soared to $X in 2022. Overall, exports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 126%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Kuwait (X tons), Qatar (X tons) and Zambia (X tons) were the main destinations of turkey meat exports from Jordan, together accounting for 76% of total exports.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of +21.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for turkey meat exported from Jordan were Kuwait ($X), Qatar ($X) and Zambia ($X), with a combined 71% share of total exports. Bahrain, the United Arab Emirates and Ukraine lagged somewhat behind, together comprising a further 26%.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +20.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average turkey meat export price stood at $X per ton in 2022, dropping by -17% against the previous year. Over the period under review, the export price, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 an increase of 150% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Zambia ($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 Free Zones (+5.6%), while the prices for the other major destinations experienced a decline.

Turkey Meat Imports

Imports into Jordan

For the seventh consecutive year, Jordan recorded decline in purchases abroad of turkey meat, which decreased by -57.3% to X tons in 2022. Over the period under review, imports recorded a deep downturn. The pace of growth was the most pronounced in 2015 with an increase of 30%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, turkey meat imports reduced rapidly to $X in 2022. Overall, imports showed a abrupt decline. The pace of growth was the most pronounced in 2013 when imports increased by 43%. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest turkey meat supplier to Jordan, accounting for a 63% share of total imports. Moreover, turkey meat imports from Turkey exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey amounted to +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+73.5% per year) and Belgium (-31.9% per year).

In value terms, Turkey ($X) constituted the largest supplier of turkey meat to Jordan, comprising 64% of total imports. The second position in the ranking was held by Russia ($X), with a 19% share of total imports. It was followed by Belgium, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey totaled +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+148.4% per year) and Belgium (-21.8% per year).

Import Prices by Country

In 2022, the average turkey meat import price amounted to $X per ton, increasing by 41% against the previous year. Over the period under review, the import price recorded a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Russia ($X per ton) and Turkey ($X per ton), while the price for the United States ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+43.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform