Jordan: Amino-Resin Market 2024

Amino-Resin Market Size in Jordan

In 2022, the Jordanian amino-resin market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, posted a buoyant increase. Amino-resin consumption peaked at $X in 2021, and then fell dramatically in the following year.

Amino-Resin Exports

Exports from Jordan

Amino-resin exports from Jordan soared to X tons in 2022, with an increase of X% against 2021. Overall, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, amino-resin exports soared to $X in 2022. In general, exports enjoyed buoyant growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Syrian Arab Republic (X tons) was the main destination for amino-resin exports from Jordan, accounting for a X% share of total exports. Moreover, amino-resin exports to Syrian Arab Republic exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. Israel (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Syrian Arab Republic totaled X.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Israel (X% per year).

In value terms, Syrian Arab Republic ($X) emerged as the key foreign market for amino-resins, phenolic resins and polyurethanes (in primary forms) exports from Jordan, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an X% share of total exports. It was followed by Free Zones, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Syrian Arab Republic amounted to X.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Free Zones (X% per year).

Export Prices by Country

The average amino-resin export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price continues to indicate a remarkable increase. The growth pace was the most rapid in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Syrian Arab Republic ($X per ton), while the average price for exports to Israel ($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 Syrian Arab Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Amino-Resin Imports

Imports into Jordan

After two years of growth, supplies from abroad of amino-resins, phenolic resins and polyurethanes (in primary forms) decreased by X% to X tons in 2022. In general, imports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank rapidly in the following year.

In value terms, amino-resin imports shrank remarkably to $X in 2022. Over the period under review, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then shrank markedly in the following year.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest amino-resin supplier to Jordan, with a X% share of total imports. Moreover, amino-resin imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Germany (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of amino-resins, phenolic resins and polyurethanes (in primary forms) to Jordan, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Germany (X% per year).

Import Prices by Country

The average amino-resin import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 Saudi Arabia ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform