Jordan: Chromates Market 2024

Chromates Market Size in Jordan

The Jordanian chromates market declined modestly to $X in 2022, shrinking by -2.8% against the previous year. Over the period under review, consumption continues to indicate a prominent expansion. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Chromates Production in Jordan

In value terms, chromates production stood at $X in 2022 estimated in export price. Overall, production continues to indicate a precipitous curtailment. The growth pace was the most rapid in 2013 when the production volume decreased by -66.7%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Chromates Exports

Exports from Jordan

In 2013, chromates exports from Jordan skyrocketed to X tons, increasing by 59% on the previous year's figure. Overall, total exports indicated significant growth from 2012 to 2013: its volume increased at an average annual rate of +59.1% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, chromates exports surged to $X in 2013. The total export value increased at an average annual rate of +27.3% over the period from 2012 to 2013; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Yemen (X tons) was the main destination for chromates exports from Jordan, accounting for a 77% share of total exports. Moreover, chromates exports to Yemen exceeded the volume sent to the second major destination, Free Zones (X tons), fourfold.

From 2012 to 2013, the average annual growth rate of volume to Yemen was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (0.0% per year) and Egypt (0.0% per year).

In value terms, Yemen ($X) emerged as the key foreign market for chromates, dichromates and peroxochromates exports from Jordan, comprising 81% of total exports. The second position in the ranking was taken by Free Zones ($X), with an 18% share of total exports.

From 2012 to 2013, the average annual growth rate of value to Yemen was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (0.0% per year) and Egypt (0.0% per year).

Export Prices by Country

In 2013, the average chromates export price amounted to $X per ton, waning by -20% against the previous year. Over the period under review, the export price faced a sharp decrease. The export price peaked at $X per ton in 2012, and then contracted rapidly in the following year.

There were significant differences in the average prices for the major external markets. In 2013, amid the top suppliers, the country with the highest price was Yemen ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2012 to 2013, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Chromates Imports

Imports into Jordan

In 2022, overseas purchases of chromates, dichromates and peroxochromates increased by 3.9% to X tons, rising for the second year in a row after two years of decline. In general, imports recorded prominent growth. The pace of growth was the most pronounced in 2013 when imports increased by 487% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, chromates imports shrank to $X in 2022. Overall, imports enjoyed strong growth. The pace of growth was the most pronounced in 2013 with an increase of 415% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of chromates to Jordan, with a 73% share of total imports. Moreover, chromates imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from India totaled +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+27.6% per year) and the United Arab Emirates (-13.7% per year).

In value terms, India ($X) constituted the largest supplier of chromates, dichromates and peroxochromates to Jordan, comprising 76% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India totaled +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+31.1% per year) and the United Arab Emirates (-12.1% per year).

Import Prices by Country

The average chromates import price stood at $X per ton in 2022, reducing by -10% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chromates import price decreased by -28.4% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 36%. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+241.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform