Jordan: Market for Articles Of Non-Malleable Cast Iron 2024

Market Size for Articles Of Non-Malleable Cast Iron in Jordan

The Jordanian non-malleable cast iron articles market reduced to $X in 2022, with a decrease of -6.8% against the previous year. Overall, consumption showed a slight slump. Non-malleable cast iron articles consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Articles Of Non-Malleable Cast Iron in Jordan

In value terms, non-malleable cast iron articles production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable reduction. The growth pace was the most rapid in 2017 with an increase of 12%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Articles Of Non-Malleable Cast Iron

Exports from Jordan

In 2022, after two years of decline, there was significant growth in overseas shipments of articles of non-malleable cast iron, when their volume increased by 206% to X tons. In general, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by 379%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, non-malleable cast iron articles exports soared to $X in 2022. Overall, exports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of 257% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for non-malleable cast iron articles exports from Jordan, with a 62% share of total exports. Moreover, non-malleable cast iron articles exports to Saudi Arabia exceeded the volume sent to the second major destination, Syrian Arab Republic (X tons), twofold. Egypt (X tons) ranked third in terms of total exports with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia amounted to +37.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (+25.4% per year) and Egypt (+11.6% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for articles of non-malleable cast iron exports from Jordan, comprising 70% of total exports. The second position in the ranking was held by Egypt ($X), with a 14% share of total exports. It was followed by Free Zones, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to +39.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+16.9% per year) and Free Zones (+9.0% per year).

Export Prices by Country

The average non-malleable cast iron articles export price stood at $X per ton in 2022, picking up by 9.5% against the previous year. In general, the export price, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2018 when the average export price increased by 16%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Syrian Arab Republic ($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 Egypt (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Non-Malleable Cast Iron

Imports into Jordan

After three years of decline, overseas purchases of articles of non-malleable cast iron increased by 17% to X tons in 2022. In general, imports, however, continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2015 with an increase of 107%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, non-malleable cast iron articles imports surged to $X in 2022. Overall, imports continue to indicate a modest expansion. The pace of growth was the most pronounced in 2015 with an increase of 126%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of non-malleable cast iron articles imports to Jordan, together accounting for 68% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +99.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the United States ($X) were the largest non-malleable cast iron articles suppliers to Jordan, with a combined 67% share of total imports.

The United States, with a CAGR of +68.5%, 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

In 2022, the average non-malleable cast iron articles import price amounted to $X per ton, picking up by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2020 when the average import price increased by 35%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United Arab Emirates ($X per ton) and the United States ($X per ton), while the price for Italy ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform