Jordan: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Jordan

The Jordanian articles of fiber cement market amounted to $X in 2022, with an increase of 4.8% against the previous year. Overall, consumption, however, showed a abrupt descent. Articles of fiber cement consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Jordan

In value terms, articles of fiber cement production rose remarkably to $X in 2022 estimated in export price. Overall, production, however, faced a deep downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 28% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports from Jordan

For the fifth consecutive year, Jordan recorded decline in shipments abroad of articles of asbestos-cement, cellulose fiber-cement or the like, which decreased by -81.5% to X tons in 2022. Over the period under review, exports recorded a sharp reduction. The pace of growth appeared the most rapid in 2017 when exports increased by 10,379% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, articles of fiber cement exports fell markedly to $X in 2022. Overall, exports continue to indicate a dramatic slump. The growth pace was the most rapid in 2017 when exports increased by 7,053% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for articles of fiber cement exports from Jordan, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia totaled -24.1%.

In value terms, Saudi Arabia ($X) also remains the key foreign market for articles of asbestos-cement, cellulose fiber-cement or the like exports from Jordan.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia stood at -21.9%.

Export Prices by Country

The average articles of fiber cement export price stood at $X per ton in 2022, jumping by 16% against the previous year. Overall, the export price recorded a mild increase. The pace of growth appeared the most rapid in 2014 an increase of 190%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2022, the rate of growth in terms of prices for Palestine amounted to +29.3% per year.

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports into Jordan

In 2022, purchases abroad of articles of asbestos-cement, cellulose fiber-cement or the like increased by 2.2% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a pronounced decrease. The pace of growth was the most pronounced in 2015 when imports increased by 312%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, articles of fiber cement imports skyrocketed to $X in 2022. In general, imports recorded strong growth. The pace of growth appeared the most rapid in 2015 with an increase of 361%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X tons), China (X tons) and Saudi Arabia (X tons) were the main suppliers of articles of fiber cement imports to Jordan, together comprising 93% of total imports. Portugal and the United Arab Emirates lagged somewhat behind, together comprising a further 6.4%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +31.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Saudi Arabia ($X) and India ($X) constituted the largest articles of fiber cement suppliers to Jordan, together accounting for 91% of total imports.

India, with a CAGR of +46.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average articles of fiber cement import price stood at $X per ton in 2022, increasing by 38% against the previous year. Overall, the import price showed prominent growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 147% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

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 Portugal ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+23.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform