Jordan: Twine Product Market 2024

Twine Product Market Size in Jordan

The Jordanian twine product market amounted to $X in 2022, surging by 9.4% against the previous year. Overall, consumption showed a buoyant increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Twine Product Production in Jordan

In value terms, twine product production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 76%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Twine Product Exports

Exports from Jordan

In 2022, twine product exports from Jordan soared to X tons, increasing by 235% against the previous year's figure. In general, exports, however, continue to indicate a sharp slump. The pace of growth was the most pronounced in 2020 when exports increased by 3,276%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, twine product exports soared to $X in 2022. Over the period under review, exports, however, saw a sharp reduction. The growth pace was the most rapid in 2020 when exports increased by 4,119%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X kg) was the main destination for twine product exports from Jordan, accounting for a 60% share of total exports. Moreover, twine product exports to Saudi Arabia exceeded the volume sent to the second major destination, Free Zones (X kg), threefold. The third position in this ranking was taken by Palestine (X kg), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia totaled -36.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (-8.7% per year) and Palestine (+14.3% per year).

In value terms, the United States ($X) remains the key foreign market for articles of twine, cordage, rope or cables exports from Jordan, comprising 51% of total exports. The second position in the ranking was held by Free Zones ($X), with a 19% share of total exports. It was followed by Saudi Arabia, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +29.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (-1.8% per year) and Saudi Arabia (-36.5% per year).

Export Prices by Country

In 2022, the average twine product export price amounted to $X per ton, flattening at the previous year. Over the period under review, the export price, however, recorded strong growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 277%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Saudi Arabia ($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 the United Arab Emirates (+22.9%), while the prices for the other major destinations experienced more modest paces of growth.

Twine Product Imports

Imports into Jordan

In 2022, approx. X tons of articles of twine, cordage, rope or cables were imported into Jordan; with a decrease of -60.7% compared with 2021. Over the period under review, imports saw a perceptible downturn. The pace of growth was the most pronounced in 2013 with an increase of 85%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, twine product imports shrank to $X in 2022. In general, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 29%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and the United States (X tons) were the main suppliers of twine product imports to Jordan, together comprising 85% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +101.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of articles of twine, cordage, rope or cables to Jordan, comprising 54% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates totaled +47.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+24.5% per year) and Germany (+15.5% per year).

Import Prices by Country

The average twine product import price stood at $X per ton in 2022, increasing by 134% against the previous year. Over the period under review, the import price posted buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform