Jordan: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in Jordan

In 2022, the Jordanian market for vacuum pumps and air or gas compressors decreased by -0.6% to $X, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Vacuum Pumps and Air or Gas Compressors in Jordan

In value terms, production of vacuum pumps and air or gas compressors rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by 33% against the previous year. Production of peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Jordan

In 2022, shipments abroad of vacuum pumps and air or gas compressors increased by 30% to X units, rising for the second year in a row after three years of decline. Overall, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 138%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of vacuum pumps and air or gas compressors reduced sharply to $X in 2022. In general, exports showed a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 118% against the previous year. As a result, the exports reached the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Free Zones (X units), Libya (X units) and Saudi Arabia (X units) were the main destinations of exports of vacuum pumps and air or gas compressors from Jordan, with a combined 96% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Libya (with a CAGR of +78.1%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the key foreign market for vacuum pumps and air or gas compressors exports from Jordan, comprising 61% of total exports. The second position in the ranking was held by Free Zones ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia totaled +32.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (+3.6% per year) and Libya (-1.8% per year).

Export Prices by Country

In 2022, the average export price for vacuum pumps and air or gas compressors amounted to $X per unit, with a decrease of -56.3% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The growth pace was the most rapid in 2018 an increase of 111%. Over the period under review, the average export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Libya ($X per unit) 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 (+7.9%), while the prices for the other major destinations experienced a decline.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into Jordan

In 2022, imports of vacuum pumps and air or gas compressors into Jordan soared to X units, rising by 42% on the previous year. Overall, imports showed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of vacuum pumps and air or gas compressors declined rapidly to $X in 2022. In general, imports, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2021 when imports increased by 36% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of vacuum pump and air or gas compressor to Jordan, with a 45% share of total imports. Moreover, imports of vacuum pumps and air or gas compressors from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), more than tenfold. The UK (X units) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-0.2% per year) and the UK (+17.1% per year).

In value terms, China ($X) constituted the largest supplier of vacuum pumps and air or gas compressors to Jordan, comprising 25% of total imports. The second position in the ranking was held by Thailand ($X), with a 10% share of total imports. It was followed by France, with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+0.3% per year) and France (+16.6% per year).

Import Prices by Country

The average import price for vacuum pumps and air or gas compressors stood at $X per unit in 2022, shrinking by -53.6% against the previous year. Over the period under review, the import price faced a abrupt downturn. The most prominent rate of growth was recorded in 2017 an increase of 31%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform