Jordan: Bulldozer Market 2024

Bulldozer Market Size in Jordan

In 2022, after five years of decline, there was significant growth in the Jordanian bulldozer market, when its value increased by 58% to $X. Overall, consumption saw a strong increase. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Bulldozer Production in Jordan

In value terms, bulldozer production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. Over the period under review, production reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Bulldozer Exports

Exports from Jordan

In 2022, exports of bulldozers and angle dozers from Jordan dropped sharply to X units, shrinking by -24.7% compared with the previous year. In general, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 222%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, bulldozer exports shrank notably to $X in 2022. Over the period under review, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2019 with an increase of 216% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Free Zones (X units) was the main destination for bulldozer exports from Jordan, with a 71% share of total exports. Moreover, bulldozer exports to Free Zones exceeded the volume sent to the second major destination, Saudi Arabia (X units), sixfold. Egypt (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Free Zones stood at -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-6.7% per year) and Egypt (+19.6% per year).

In value terms, Free Zones ($X) remains the key foreign market for bulldozers and angle dozers exports from Jordan, comprising 68% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 19% share of total exports. It was followed by Egypt, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Free Zones totaled -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-2.5% per year) and Egypt (+16.3% per year).

Export Prices by Country

In 2022, the average bulldozer export price amounted to $X per unit, waning by -4.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2018 an increase of 26% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sudan ($X per unit), while the average price for exports to the United Arab Emirates ($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 (+4.5%), while the prices for the other major destinations experienced a decline.

Bulldozer Imports

Imports into Jordan

Bulldozer imports into Jordan dropped remarkably to X units in 2022, with a decrease of -70.8% on the previous year's figure. Overall, imports saw a abrupt setback. The pace of growth was the most pronounced in 2014 with an increase of 48% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, bulldozer imports reduced notably to $X in 2022. Over the period under review, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2013 when imports increased by 43% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), China (X units) and the UK (X units) were the main suppliers of bulldozer imports to Jordan, together comprising 56% of total imports. Japan, Germany, India, Sweden and Belgium lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +31.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and China ($X) were the largest bulldozer suppliers to Jordan, with a combined 59% share of total imports. Japan, Germany, India, Sweden and Belgium lagged somewhat behind, together comprising a further 34%.

India, with a CAGR of +24.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average bulldozer import price amounted to $X per unit, rising by 68% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 the UK ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+197.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform