Jordan: Paperboard Case Material Market 2024

Paperboard Case Material Market Size in Jordan

After two years of growth, the Jordanian paperboard case material market decreased by -0.4% to $X in 2022. In general, consumption, however, enjoyed a strong increase. Over the period under review, the market attained the maximum level at $X in 2021, and then reduced in the following year.

Paperboard Case Material Production in Jordan

In value terms, paperboard case material production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable reduction. The pace of growth was the most pronounced in 2017 when the production volume increased by 75%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Paperboard Case Material Exports

Exports from Jordan

In 2022, overseas shipments of paperboard case materials decreased by -36.3% to X tons, falling for the third year in a row after two years of growth. Overall, exports saw a deep downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 189%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, paperboard case material exports contracted rapidly to $X in 2022. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 216% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for paperboard case material exports from Jordan, with a 42% share of total exports. Moreover, paperboard case material exports to Saudi Arabia exceeded the volume sent to the second major destination, Egypt (X tons), twofold. The third position in this ranking was taken by Palestine (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia totaled -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+17.4% per year) and Palestine (+16.5% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for paperboard case materials exports from Jordan, comprising 48% of total exports. The second position in the ranking was taken by Egypt ($X), with a 15% share of total exports. It was followed by Palestine, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to -11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+16.4% per year) and Palestine (+20.0% per year).

Export Prices by Country

In 2022, the average paperboard case material export price amounted to $X per ton, surging by 18% against the previous year. Over the period under review, the export price, however, showed a perceptible descent. The growth pace was the most rapid in 2017 when the average export price increased by 73% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Iraq ($X per ton), while the average price for exports to Sudan ($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 Libya (+29.3%), while the prices for the other major destinations experienced more modest paces of growth.

Paperboard Case Material Imports

Imports into Jordan

In 2022, purchases abroad of paperboard case materials decreased by -16% to X tons for the first time since 2015, thus ending a six-year rising trend. In general, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 49% against the previous year. Imports peaked at X tons in 2021, and then shrank sharply in the following year.

In value terms, paperboard case material imports rose to $X in 2022. Overall, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 56% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Saudi Arabia (X tons), India (X tons) and Germany (X tons) were the main suppliers of paperboard case material imports to Jordan, with a combined 62% share of total imports. Turkey, the United Arab Emirates, the United States, Qatar, Spain, Finland, Slovakia, Pakistan, Belgium and Free Zones lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +87.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), India ($X) and Germany ($X) constituted the largest paperboard case material suppliers to Jordan, with a combined 61% share of total imports. The United States, Turkey, the United Arab Emirates, Spain, Qatar, Finland, Slovakia, Pakistan, Belgium and Free Zones lagged somewhat behind, together comprising a further 29%.

In terms of the main suppliers, Slovakia, with a CAGR of +103.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average paperboard case material import price stood at $X per ton in 2022, growing by 24% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, paperboard case material import price increased by +77.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 43%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

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 Free Zones ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform