Jordan: Cranks And Crankshafts Market 2025

Cranks And Crankshafts Market Size in Jordan

The Jordanian cranks and crankshafts market contracted remarkably to $X in 2022, which is down by -38% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a relatively flat trend pattern. Cranks and crankshafts consumption peaked at $X in 2021, and then dropped dramatically in the following year.

Cranks And Crankshafts Exports

Exports from Jordan

In 2022, overseas shipments of cranks and crankshafts decreased by -77.2% to X kg for the first time since 2019, thus ending a two-year rising trend. In general, exports recorded a precipitous shrinkage. The growth pace was the most rapid in 2017 with an increase of 283% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, cranks and crankshafts exports contracted dramatically to $X in 2022. Overall, exports saw a sharp downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 185% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Egypt (X kg) was the main destination for cranks and crankshafts exports from Jordan, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Egypt stood at -25.7%.

In value terms, Egypt ($X) emerged as the key foreign market for cranks and crankshafts exports from Jordan.

From 2012 to 2022, the average annual growth rate of value to Egypt stood at -28.9%.

Export Prices by Country

The average cranks and crankshafts export price stood at $X per ton in 2022, which is down by -17.5% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2016 when the average export price increased by 199% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Egypt.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +12.7% per year.

Cranks And Crankshafts Imports

Imports into Jordan

In 2022, the amount of cranks and crankshafts imported into Jordan contracted remarkably to X tons, dropping by -34.2% compared with the year before. Over the period under review, imports, however, saw a temperate expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 229%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cranks and crankshafts imports fell rapidly to $X in 2022. Overall, imports recorded a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 133%. As a result, imports reached the peak of $X, and then shrank markedly in the following year.

Imports by Country

China (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of cranks and crankshafts imports to Jordan, together accounting for 68% of total imports. Italy, the UK, France, India, Turkey and Spain lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +37.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cranks and crankshafts suppliers to Jordan were China ($X), the United States ($X) and Germany ($X), with a combined 68% share of total imports. Italy, the UK, France, India, Turkey and Spain lagged somewhat behind, together accounting for a further 23%.

India, with a CAGR of +21.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cranks and crankshafts import price amounted to $X per ton, dropping by -10.7% against the previous year. Overall, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 an increase of 35% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform