Jordan: Market for Extruded Solid Rubber Rods And Profiles 2025

Market Size for Extruded Solid Rubber Rods And Profiles in Jordan

The Jordanian extruded solid rubber rod market contracted sharply to $X in 2022, which is down by -21.7% 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 continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Exports of Extruded Solid Rubber Rods And Profiles

Exports from Jordan

After three years of growth, shipments abroad of extruded solid rubber rods and profiles decreased by -35.2% to X kg in 2022. Overall, exports showed a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of 525%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, extruded solid rubber rod exports fell significantly to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 206%. Over the period under review, the exports hit record highs at $X in 2021, and then declined sharply in the following year.

Exports by Country

Free Zones (X kg) was the main destination for extruded solid rubber rod exports from Jordan, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Free Zones amounted to +25.3%.

In value terms, Free Zones ($X) also remains the key foreign market for extruded solid rubber rods and profiles exports from Jordan.

From 2012 to 2022, the average annual growth rate of value to Free Zones stood at +24.1%.

Export Prices by Country

The average extruded solid rubber rod export price stood at $X per ton in 2022, rising by 4.9% against the previous year. In general, the export price saw a prominent increase. The growth pace was the most rapid in 2018 when the average export price increased by 137%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +3.9% per year.

Imports of Extruded Solid Rubber Rods And Profiles

Imports into Jordan

Extruded solid rubber rod imports into Jordan shrank dramatically to X tons in 2022, dropping by -25.2% on the year before. In general, imports showed a perceptible decline. The most prominent rate of growth was recorded in 2013 with an increase of 121% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, extruded solid rubber rod imports declined significantly to $X in 2022. Over the period under review, total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.7% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 98%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Turkey (X tons) and China (X tons) were the main suppliers of extruded solid rubber rod imports to Jordan, with a combined 87% share of total imports. Spain, Slovenia, Germany, France, Thailand and Saudi Arabia lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +35.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest extruded solid rubber rod suppliers to Jordan were the United Arab Emirates ($X), Turkey ($X) and China ($X), with a combined 88% share of total imports. Spain, Slovenia, Germany, France, Saudi Arabia and Thailand lagged somewhat behind, together comprising a further 12%.

Slovenia, with a CAGR of +22.2%, saw the highest growth rate of 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 extruded solid rubber rod import price amounted to $X per ton, surging by 6.2% against the previous year. In general, the import price showed a remarkable increase. The most prominent rate of growth was recorded in 2020 an increase of 74%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform