Jordan: Market for Articles Of Iron Or Steel 2025

Market Size for Articles Of Iron Or Steel in Jordan

In 2022, the Jordanian steel and iron articles market decreased by -24.5% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption, however, showed a significant expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then dropped remarkably in the following year.

Exports of Articles Of Iron Or Steel

Exports from Jordan

For the third consecutive year, Jordan recorded decline in shipments abroad of articles of iron or steel, which decreased by -8.1% to X tons in 2022. In general, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2014 with an increase of 44%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, steel and iron articles exports reached $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 64%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons), India (X tons) and Iraq (X tons) were the main destinations of steel and iron articles exports from Jordan, together accounting for 75% of total exports. Palestine, Free Zones, Oman, Sudan and Kuwait lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of +137.6%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the key foreign market for articles of iron or steel exports from Jordan, comprising 50% of total exports. The second position in the ranking was taken by Iraq ($X), with a 12% share of total exports. It was followed by Palestine, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia totaled +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (-6.9% per year) and Palestine (+57.0% per year).

Export Prices by Country

The average steel and iron articles export price stood at $X per ton in 2022, growing by 9.3% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2020 an increase of 219%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to India ($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 Palestine (+31.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Iron Or Steel

Imports into Jordan

For the third year in a row, Jordan recorded decline in supplies from abroad of articles of iron or steel, which decreased by -19.5% to X tons in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 48% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, steel and iron articles imports declined dramatically to $X in 2022. Over the period under review, imports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 77% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest steel and iron articles supplier to Jordan, with a 44% share of total imports. Moreover, steel and iron articles imports from China exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), threefold. The third position in this ranking was taken by Turkey (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-4.6% per year) and Turkey (+16.3% per year).

In value terms, China ($X) constituted the largest supplier of articles of iron or steel to Jordan, comprising 41% of total imports. The second position in the ranking was taken by Turkey ($X), with a 13% share of total imports. It was followed by Saudi Arabia, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+11.0% per year) and Saudi Arabia (-12.1% per year).

Import Prices by Country

The average steel and iron articles import price stood at $X per ton in 2022, dropping by -8.1% against the previous year. In general, the import price showed a noticeable descent. The pace of growth appeared the most rapid in 2013 an increase of 19%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for Saudi Arabia ($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 (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform