Jordan: Smart Card Market 2025

Smart Card Market Size in Jordan

The Jordanian smart card market surged to $X in 2022, with an increase of 17% against the previous year. Overall, consumption posted a remarkable increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Smart Card Production in Jordan

In value terms, smart card production stood at $X in 2022 estimated in export price. Over the period under review, production showed a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of 55%. Smart card production peaked at $X in 2020; afterwards, it flattened through to 2022.

Smart Card Exports

Exports from Jordan

In 2022, shipments abroad of cards incorporating an electronic integrated circuit (smart card) decreased by -65.8% to X units, falling for the second consecutive year after two years of growth. Overall, exports, however, enjoyed temperate growth. The pace of growth appeared the most rapid in 2020 with an increase of 2,559%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, smart card exports fell sharply to $X in 2022. In general, exports, however, recorded a pronounced increase. The pace of growth appeared the most rapid in 2019 with an increase of 158% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Palestine (X units), Iraq (X units) and Israel (X units) were the main destinations of smart card exports from Jordan, with a combined 92% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +59.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for smart card exported from Jordan were Palestine ($X), Iraq ($X) and Israel ($X), together comprising 92% of total exports.

In terms of the main countries of destination, Iraq, with a CAGR of +68.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average smart card export price amounted to $X per unit, surging by 77% against the previous year. Overall, the export price, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2017 an increase of 859%. The export price peaked at $X per unit in 2018; however, from 2019 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 Qatar ($X per unit), while the average price for exports to the United Arab Emirates ($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 Qatar (+89.0%), while the prices for the other major destinations experienced more modest paces of growth.

Smart Card Imports

Imports into Jordan

Smart card imports into Jordan surged to X units in 2022, rising by 111% on the previous year. Over the period under review, imports recorded strong growth. The most prominent rate of growth was recorded in 2016 when imports increased by 240%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, smart card imports declined dramatically to $X in 2022. Overall, imports, however, recorded a slight decrease. The growth pace was the most rapid in 2016 when imports increased by 232%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest smart card supplier to Jordan, with a 28% share of total imports. Moreover, smart card imports from China exceeded the figures recorded by the second-largest supplier, Austria (X units), twofold. India (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +56.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+99.1% per year) and India (+21.2% per year).

In value terms, the largest smart card suppliers to Jordan were China ($X), Singapore ($X) and Austria ($X), with a combined 73% share of total imports. Malaysia, the United Arab Emirates, India, Brazil and Poland lagged somewhat behind, together accounting for a further 18%.

Malaysia, with a CAGR of +126.8%, recorded the highest rates of growth with regard to 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

The average smart card import price stood at $X per unit in 2022, waning by -61.6% against the previous year. In general, the import price faced a abrupt decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by 10%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while the price for India (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform