Milled Rice Price in Jordan - 2022
Contents:
- Milled Rice Price in Jordan (CIF) - 2022
- Milled Rice Price in Jordan (FOB) - 2022
- Milled Rice Imports in Jordan
- Milled Rice Exports in Jordan
Milled Rice Price in Jordan (CIF) - 2022
The average milled rice import price stood at $1,157 per ton in 2022, rising by 9.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2018 an increase of 14%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain 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 ($1,157 per ton) and India ($1,157 per ton), while the price for Italy ($1,157 per ton) and China ($1,157 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Milled Rice Price in Jordan (FOB) - 2022
The average milled rice export price stood at $1,014 per ton in 2022, surging by 17% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2019 when the average export price increased by 28%. Over the period under review, the average export prices hit record highs at $1,101 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($1,613 per ton), while the average price for exports to Free Zones ($791 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 Syrian Arab Republic (+5.5%), while the prices for the other major destinations experienced a decline.
Milled Rice Imports in Jordan
In 2022, after two years of decline, there was significant growth in purchases abroad of semi-milled or wholly milled (bleached) rice, when their volume increased by 31% to 223K tons. The total import volume increased at an average annual rate of +2.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, milled rice imports soared to $258M in 2022. The total import value increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Milled Rice in Jordan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 77.6 | 75.5 | 54.4 | 104 | 10.3% |
| United States | 72.1 | 73.1 | 71.3 | 45.4 | -14.3% |
| Portugal | 8.3 | 13.6 | 18.8 | 40.5 | 69.6% |
| Australia | 12.6 | 8.9 | 0.2 | 16.3 | 9.0% |
| Thailand | 3.2 | 2.1 | 2.1 | 9.9 | 45.7% |
| Russia | 0.9 | 2.8 | 9.0 | 7.4 | 101.8% |
| Italy | 12.0 | 9.6 | 15.6 | 6.9 | -16.8% |
| Greece | 2.5 | 0.7 | 0.3 | 6.9 | 40.3% |
| China | 1.2 | 2.3 | 3.0 | 6.2 | 72.9% |
| Others | 8.2 | 5.7 | 4.2 | 14.4 | 20.6% |
| Total | 199 | 194 | 179 | 258 | 9.0% |
Top Suppliers of Milled Rice to Jordan in 2022:
- India (90.1K tons)
- United States (39.2K tons)
- Portugal (35.0K tons)
- Australia (14.1K tons)
- Thailand (8.6K tons)
- Russia (6.4K tons)
- Greece (6.0K tons)
- Italy (5.9K tons)
- China (5.4K tons)
Milled Rice Exports in Jordan
Milled rice exports from Jordan skyrocketed to 2.5K tons in 2022, increasing by 141% compared with the previous year. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 187%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, milled rice exports surged to $2.5M in 2022. Over the period under review, exports saw modest growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Milled Rice in Jordan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | 0.6 | 1,094 | 182233.3% |
| Russia | N/A | N/A | 41.1 | 331 | 705.4% |
| Free Zones | N/A | 127 | N/A | 316 | 57.7% |
| Syrian Arab Republic | 143 | N/A | N/A | 300 | 28.0% |
| Turkey | 61.9 | 105 | N/A | 279 | 65.2% |
| Saudi Arabia | 38.2 | N/A | 730 | 138 | 53.4% |
| Palestine | 109 | 23.4 | 42.0 | 33.6 | -32.4% |
| Bulgaria | N/A | 125 | 38.5 | N/A | -69.2% |
| India | 1,762 | N/A | 45.2 | N/A | -84.0% |
| Algeria | 173 | N/A | N/A | N/A | 0% |
| Others | 132 | 17.5 | N/A | 46.4 | -29.4% |
| Total | 2,419 | 398 | 898 | 2,537 | 1.6% |
Top Export Markets for Milled Rice from Jordan in 2022:
- United Arab Emirates (678.0 tons)
- Russia (418.8 tons)
- Free Zones (398.8 tons)
- Syrian Arab Republic (378.6 tons)
- Turkey (352.3 tons)
- Saudi Arabia (174.5 tons)
- Palestine (42.4 tons)
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