Jordan: Base Metal Padlock Market 2025

Base Metal Padlock Market Size in Jordan

In 2022, after three years of decline, there was significant growth in the Jordanian base metal padlock market, when its value increased by 8.1% to $X. Overall, consumption, however, showed a pronounced slump. Base metal padlock consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Base Metal Padlock Exports

Exports from Jordan

After two years of growth, shipments abroad of base metal padlocks decreased by -59.4% to X tons in 2022. Over the period under review, exports saw a dramatic curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 1,745% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, base metal padlock exports contracted significantly to $X in 2022. Overall, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of 1,611% against the previous year. The exports peaked at $X in 2021, and then fell markedly in the following year.

Exports by Country

Free Zones (X tons), Saudi Arabia (X kg) and Spain (X kg) were the main destinations of base metal padlock exports from Jordan, with a combined 96% share of total exports. These countries were followed by Syrian Arab Republic, which accounted for a further 3.8%.

From 2012 to 2022, the biggest increases were recorded for Syrian Arab Republic (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Free Zones ($X), Saudi Arabia ($X) and Spain ($X) appeared to be the largest markets for base metal padlock exported from Jordan worldwide, together comprising 96% of total exports. Syrian Arab Republic lagged somewhat behind, accounting for a further 3.8%.

Syrian Arab Republic, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average base metal padlock export price amounted to $X per ton, with a decrease of -17.1% against the previous year. Overall, the export price, however, showed buoyant growth. The growth pace was the most rapid in 2017 an increase of 676%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Free Zones ($X per ton) and Spain ($X per ton), while the average price for exports to Syrian Arab Republic ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+19.2%).

Base Metal Padlock Imports

Imports into Jordan

In 2022, supplies from abroad of base metal padlocks increased by 11% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 25%. 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, base metal padlock imports totaled $X in 2022. In general, imports, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2014 when imports increased by 20% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of base metal padlock to Jordan, accounting for a 89% share of total imports. Moreover, base metal padlock imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. The third position in this ranking was held by India (X tons), with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-14.4% per year) and India (-3.9% per year).

In value terms, China ($X) constituted the largest supplier of base metal padlocks to Jordan, comprising 82% of total imports. The second position in the ranking was taken by India ($X), with a 4.2% share of total imports. It was followed by Taiwan (Chinese), with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-0.2% per year) and Taiwan (Chinese) (-2.2% per year).

Import Prices by Country

The average base metal padlock import price stood at $X per ton in 2022, with a decrease of -5.2% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, base metal padlock import price increased by +36.0% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 49%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform