Jordan - Refined Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Maize Oil Price in Jordan - 2022
Contents:
- Refined Maize Oil Price in Jordan (CIF) - 2022
- Refined Maize Oil Price in Jordan (FOB) - 2022
- Refined Maize Oil Imports in Jordan
- Refined Maize Oil Exports in Jordan
Refined Maize Oil Price in Jordan (CIF) - 2022
In 2022, the average refined maize oil import price amounted to $2,306 per ton, surging by 21% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2021 an increase of 30%. The import price peaked in 2022 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 highest price was recorded for prices from South Africa ($2,306 per ton) and the United States ($2,306 per ton), while the price for China ($2,306 per ton) and Belgium ($2,306 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Maize Oil Price in Jordan (FOB) - 2022
In 2022, the average refined maize oil export price amounted to $730 per ton, approximately mirroring the previous year. Overall, the export price showed a abrupt decrease. The pace of growth was the most pronounced in 2016 an increase of 35%. As a result, the export price attained the peak level of $2,267 per ton. From 2017 to 2022, the average 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 ($5,205 per ton), while the average price for exports to Iraq ($335 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 Saudi Arabia (+12.6%), while the prices for the other major destinations experienced a decline.
Refined Maize Oil Imports in Jordan
In 2022, overseas purchases of refined maize (corn) oil decreased by -37.6% to 6.5K tons, falling for the second consecutive year after two years of growth. Overall, imports faced a abrupt contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 3.3%. As a result, imports reached the peak of 13K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, refined maize oil imports shrank sharply to $15M in 2022. In general, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 6.7% against the previous year. As a result, imports reached the peak of $20M, and then declined significantly in the following year.
| Import of Refined Maize Oil in Jordan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 10.9 | 10.1 | 10.7 | 12.1 | 3.5% |
| Egypt | 2.9 | 3.2 | 2.7 | 0.9 | -32.3% |
| China | 0.6 | 0.6 | 0.6 | 0.9 | 14.5% |
| United States | 0.4 | 0.5 | 0.6 | 0.4 | 0.0% |
| Turkey | N/A | N/A | 0.1 | 0.2 | 100.0% |
| South Africa | 0.4 | 0.4 | 0.9 | 0.2 | -20.6% |
| United Arab Emirates | 0.2 | 0.2 | 0.1 | 0.2 | 0.0% |
| Belgium | 0.4 | 0.3 | 0.2 | 0.1 | -37.0% |
| Oman | 2.6 | 3.1 | 3.7 | N/A | 19.3% |
| Others | 1.0 | 0.4 | 0.4 | N/A | -36.8% |
| Total | 19.6 | 18.8 | 20.0 | 15.1 | -8.3% |
Top Suppliers of Refined Maize Oil to Jordan in 2022:
- Saudi Arabia (5250.4 tons)
- Egypt (383.5 tons)
- China (376.1 tons)
- United States (172.8 tons)
- United Arab Emirates (106.9 tons)
- Turkey (103.4 tons)
- South Africa (74.8 tons)
- Belgium (64.1 tons)
Refined Maize Oil Exports in Jordan
In 2022, shipments abroad of refined maize (corn) oil was finally on the rise to reach 46 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a deep slump.
In value terms, refined maize oil exports rose markedly to $34K in 2022. In general, exports, however, saw a deep reduction.
| Export of Refined Maize Oil in Jordan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 17.2 | 14.4 | 8.6 | 14.5 | -5.5% |
| Palestine | 18.5 | 16.4 | 12.1 | 14.1 | -8.7% |
| United Arab Emirates | 6.4 | 5.1 | 3.5 | 3.7 | -16.7% |
| Iraq | 1.7 | 1.4 | 0.9 | 1.0 | -16.2% |
| Lebanon | 1.1 | 0.9 | 0.6 | 0.6 | -18.3% |
| Others | 1.8 | N/A | 4.0 | N/A | 49.1% |
| Total | 46.7 | 38.2 | 29.7 | 33.9 | -10.1% |
Top Export Markets for Refined Maize Oil from Jordan in 2022:
- Palestine (30.4 tons)
- United Arab Emirates (9.3 tons)
- Iraq (2.9 tons)
- Saudi Arabia (2.8 tons)
- Lebanon (1.1 tons)
This report provides an in-depth analysis of the refined maize oil market in Jordan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10621460 - Refined maize (corn) oil and its fractions (excluding chemically modified)
Country coverage:
- Jordan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Jordan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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