Jordan: Crawler Dozer Market 2024

Crawler Dozer Market Size in Jordan

The Jordanian crawler dozer market reduced sharply to $X in 2022, shrinking by -63.9% 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). In general, consumption recorded a abrupt descent. Crawler dozer consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Crawler Dozer Exports

Exports from Jordan

In 2022, the amount of crawler dozers exported from Jordan declined to X units, falling by -12% against 2021 figures. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 133%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, crawler dozer exports dropped to $X in 2022. In general, exports recorded a pronounced descent. The growth pace was the most rapid in 2019 when exports increased by 135%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Free Zones (X units), Saudi Arabia (X units) and Sudan (X units) were the main destinations of crawler dozer exports from Jordan, with a combined 91% share of total exports. Moreover, crawler dozer exports in Free Zones exceeded the figures recorded by the second-largest exporter, Saudi Arabia, twofold.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +4.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Free Zones ($X), Saudi Arabia ($X) and Sudan ($X) were the largest markets for crawler dozer exported from Jordan worldwide, together accounting for 97% of total exports.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of +4.4%, 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 crawler dozer export price amounted to $X per unit, increasing by 4.5% against the previous year. Overall, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crawler dozer export price increased by +148.1% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 87%. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to the Dominican Republic ($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 Turkey (+66.5%), while the prices for the other major destinations experienced more modest paces of growth.

Crawler Dozer Imports

Imports into Jordan

In 2022, imports of crawler dozers into Jordan contracted notably to X units, with a decrease of -43.9% on the year before. Overall, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when imports increased by 67% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, crawler dozer imports contracted notably to $X in 2022. Over the period under review, imports saw a deep contraction. The pace of growth was the most pronounced in 2015 when imports increased by 39% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The UK (X units), the United States (X units) and China (X units) were the main suppliers of crawler dozer imports to Jordan, together accounting for 62% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +22.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the United States ($X) and China ($X) constituted the largest crawler dozer suppliers to Jordan, together comprising 64% of total imports.

In terms of the main suppliers, China, with a CAGR of +27.0%, 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 crawler dozer import price stood at $X per unit in 2022, dropping by -3.2% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 167% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

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 France ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+197.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform