Jordan: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in Jordan

The Jordanian market for cellular plates, sheets and films of polyymers of styrene rose modestly to $X in 2022, picking up by 2.8% against the previous year. In general, consumption posted a buoyant expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in Jordan

In value terms, production of cellular plates, sheets and films of polyymers of styrene rose to $X in 2022 estimated in export price. In general, production continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by 28% against the previous year. Over the period under review, production of reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports from Jordan

In 2022, approx. X tons of cellular plates, sheets and films of polyymers of styrene were exported from Jordan; increasing by 690% against 2021. Over the period under review, exports enjoyed pronounced growth. Over the period under review, the exports of reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene surged to $X in 2022. Overall, exports showed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Israel (X tons) was the main destination for exports of cellular plates, sheets and films of polyymers of styrene from Jordan, with a 85% share of total exports. Moreover, exports of cellular plates, sheets and films of polyymers of styrene to Israel exceeded the volume sent to the second major destination, Syrian Arab Republic (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Israel amounted to +45.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (-5.7% per year) and Palestine (+7.9% per year).

In value terms, Israel ($X) emerged as the key foreign market for cellular plates, sheets and films of polyymers of styrene exports from Jordan, comprising 85% of total exports. The second position in the ranking was taken by Syrian Arab Republic ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Israel stood at +48.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (+2.0% per year) and Palestine (+10.1% per year).

Export Prices by Country

In 2022, the average export price for cellular plates, sheets and films of polyymers of styrene amounted to $X per ton, picking up by 15% against the previous year. In general, the export price posted a prominent expansion. The growth pace was the most rapid in 2019 when the average export price increased by 36% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Palestine ($X per ton), while the average price for exports to Syrian Arab Republic ($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 Syrian Arab Republic (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports into Jordan

In 2022, imports of cellular plates, sheets and films of polyymers of styrene into Jordan declined dramatically to X tons, falling by -61.7% on the previous year. Overall, imports showed a deep reduction. The pace of growth appeared the most rapid in 2016 when imports increased by 132% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene fell markedly to $X in 2022. Over the period under review, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 140%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons), China (X tons) and Italy (X tons) were the main suppliers of imports of cellular plates, sheets and films of polyymers of styrene to Jordan, together accounting for 73% of total imports. Turkey, Qatar and Kuwait lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +16.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest polystyrene cellular plates, sheets and films suppliers to Jordan were Saudi Arabia ($X), China ($X) and Italy ($X), with a combined 73% share of total imports.

Italy, with a CAGR of +21.8%, recorded the highest growth rate of the value of imports, in terms of 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 import price for cellular plates, sheets and films of polyymers of styrene amounted to $X per ton, growing by 8.8% against the previous year. Overall, the import price saw prominent growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 43%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per ton) and Saudi Arabia ($X per ton), while the price for Kuwait ($X per ton) and Qatar ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform