Jordan: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in Jordan

The Jordanian market for industrial, laboratory or bakery ovens shrank markedly to $X in 2022, which is down by -41.4% 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, however, showed a strong increase. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Industrial, Laboratory or Bakery Ovens

Exports from Jordan

In 2022, approx. X units of industrial, laboratory or bakery ovens were exported from Jordan; which is down by -37.5% on 2021 figures. Overall, exports showed a pronounced downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 43% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, industrial, laboratory or bakery oven exports totaled $X in 2022. Over the period under review, exports recorded a slight decrease. The growth pace was the most rapid in 2018 with an increase of 665% 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 units), Iraq (X units) and Palestine (X units) were the main destinations of industrial, laboratory or bakery oven exports from Jordan, together comprising 60% of total exports. Israel and Free Zones lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Palestine ($X), Free Zones ($X) and Iraq ($X) constituted the largest markets for industrial, laboratory or bakery oven exported from Jordan worldwide, together accounting for 88% of total exports.

Among the main countries of destination, Palestine, with a CAGR of +14.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for industrial, laboratory or bakery ovens stood at $X per unit in 2022, increasing by 61% against the previous year. Over the period under review, the export price continues to indicate tangible growth. The pace of growth appeared the most rapid in 2018 an increase of 435%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 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 Palestine ($X per unit), while the average price for exports to Israel ($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 Palestine (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial, Laboratory or Bakery Ovens

Imports into Jordan

In 2022, approx. X units of industrial, laboratory or bakery ovens were imported into Jordan; declining by -45.1% against the year before. Overall, imports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2013 when imports increased by 479% against the previous year. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, industrial, laboratory or bakery oven imports shrank remarkably to $X in 2022. In general, imports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2013 when imports increased by 421% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then declined significantly in the following year.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of industrial, laboratory or bakery oven to Jordan, with a 31% share of total imports. Moreover, industrial, laboratory or bakery oven imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. Turkey (X units) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at +24.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+27.1% per year) and Turkey (+16.1% per year).

In value terms, Italy ($X), Germany ($X) and Austria ($X) appeared to be the largest industrial, laboratory or bakery oven suppliers to Jordan, with a combined 32% share of total imports. The United States, France, Japan, China, Turkey, Spain and Belgium lagged somewhat behind, together accounting for a further 15%.

In terms of the main suppliers, China, with a CAGR of +60.3%, recorded 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

In 2022, the average import price for industrial, laboratory or bakery ovens amounted to $X per unit, jumping by 16% against the previous year. Over the period under review, the import price saw a buoyant expansion. The growth pace was the most rapid in 2019 when the average import price increased by 227% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+43.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform