Jordan: Transportation Vehicle Body Market 2025

Transportation Vehicle Body Market Size in Jordan

The Jordanian transportation vehicle body market declined to $X in 2022, waning by -8.4% against the previous year. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -17.9% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Transportation Vehicle Body Production in Jordan

In value terms, transportation vehicle body production declined to $X in 2022 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -16.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 66%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Transportation Vehicle Body Exports

Exports from Jordan

In 2022, exports of bodies for motor vehicles for the transporting people from Jordan surged to X units, jumping by 35% on 2021 figures. Overall, exports recorded significant growth. The growth pace was the most rapid in 2018 with an increase of 733% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, transportation vehicle body exports skyrocketed to $X in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 489%. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Free Zones (X units) was the main destination for transportation vehicle body exports from Jordan, accounting for a 93% share of total exports. Moreover, transportation vehicle body exports to Free Zones exceeded the volume sent to the second major destination, Saudi Arabia (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Free Zones stood at +64.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+13.0% per year) and the UK (+32.0% per year).

In value terms, Free Zones ($X) remains the key foreign market for bodies for motor vehicles for the transporting people exports from Jordan, comprising 93% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 3.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Free Zones amounted to +48.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+17.7% per year) and the UK (+37.4% per year).

Export Prices by Country

The average transportation vehicle body export price stood at $X per unit in 2022, growing by 5.8% against the previous year. In general, the export price, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 94% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+4.2%), while the prices for the other major destinations experienced mixed trend patterns.

Transportation Vehicle Body Imports

Imports into Jordan

In 2022, supplies from abroad of bodies for motor vehicles for the transporting people decreased by -80.4% to X units, falling for the second year in a row after three years of growth. Overall, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 228%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, transportation vehicle body imports declined notably to $X in 2022. In general, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 when imports increased by 172%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest transportation vehicle body supplier to Jordan, with a 52% share of total imports. Moreover, transportation vehicle body imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold. The United States (X units) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +37.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-32.6% per year) and the United States (+18.8% per year).

In value terms, Japan ($X), China ($X) and the United States ($X) were the largest transportation vehicle body suppliers to Jordan, together accounting for 78% of total imports.

China, with a CAGR of +26.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average transportation vehicle body import price stood at $X per unit in 2022, jumping by 79% against the previous year. Overall, the import price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2017 an increase of 98% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Japan ($X per unit), while the price for China ($X per unit) 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 (+93.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform