Jordan: Olive Market 2024

Olive Market Size in Jordan

The Jordanian olive market rose significantly to $X in 2022, growing by X% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Olive Production in Jordan

In value terms, olive production skyrocketed to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

The average yield of olives in Jordan reached X tons per ha in 2022, almost unchanged from 2021 figures. In general, the yield indicated a slight increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, olive yield decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2020 to 2022, the growth of the average olive yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the olive harvested area in Jordan contracted to X ha, waning by X% against the year before. Over the period under review, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the harvested area increased by X%. The olive harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area remained at a lower figure.

Olive Exports

Exports from Jordan

Olive exports from Jordan declined significantly to X tons in 2022, waning by X% on the previous year. Over the period under review, exports, however, saw a modest expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, olive exports dropped markedly to $X in 2022. In general, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2020 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Israel (X tons) was the main destination for olive exports from Jordan, accounting for a X% share of total exports. Moreover, olive exports to Israel exceeded the volume sent to the second major destination, Oman (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume to Israel stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and the United Arab Emirates (X% per year).

In value terms, Israel ($X) remains the key foreign market for olives exports from Jordan, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Israel stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average olive export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price recorded a moderate expansion. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to the United Arab Emirates ($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 Israel (X%), while the prices for the other major destinations experienced a decline.

Olive Imports

Imports into Jordan

After two years of growth, supplies from abroad of olives decreased by X% to X tons in 2022. Overall, imports, however, showed notable growth. The pace of growth was the most pronounced in 2018 when imports increased by X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, olive imports skyrocketed to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) was the main supplier of olive to Jordan, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled X%.

In value terms, Turkey ($X) constituted the largest supplier of olives to Jordan.

From 2012 to 2022, the average annual growth rate of value from Turkey totaled X%.

Import Prices by Country

In 2022, the average olive import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to X% per year.

Source: IndexBox Platform

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