Jordan: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in Jordan

In 2022, the Jordanian ferro-alloys market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption recorded a resilient increase. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Ferro-Alloys Production in Jordan

In value terms, ferro-alloys production skyrocketed to $X in 2022 estimated in export price. Overall, production enjoyed a significant expansion. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Ferro-Alloys Exports

Exports from Jordan

In 2022, overseas shipments of ferro-alloys increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports showed a prominent increase. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, ferro-alloys exports surged to $X in 2022. In general, exports showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Syrian Arab Republic (X tons) was the main destination for ferro-alloys exports from Jordan, with a X% share of total exports. Moreover, ferro-alloys exports to Syrian Arab Republic exceeded the volume sent to the second major destination, the UK (X tons), twofold.

From 2014 to 2022, the average annual growth rate of volume to Syrian Arab Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Saudi Arabia (X.8% per year).

In value terms, Syrian Arab Republic ($X), the UK ($X) and Saudi Arabia ($X) were the largest markets for ferro-alloys exported from Jordan worldwide, together comprising X% of total exports.

Saudi Arabia, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination 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 ferro-alloys export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (X%), while the prices for the other major destinations experienced mixed trend patterns.

Ferro-Alloys Imports

Imports into Jordan

In 2022, overseas purchases of ferro-alloys increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, ferro-alloys imports surged to $X in 2022. In general, imports saw buoyant growth. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of ferro-alloys to Jordan, with a X% share of total imports. Moreover, ferro-alloys imports from India exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), sixfold. Ukraine (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Ukraine (X% per year).

In value terms, India ($X) constituted the largest supplier of ferro-alloys to Jordan, comprising X% of total imports. The second position in the ranking was taken by Georgia ($X), with an X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Georgia (X% per year) and China (X% per year).

Import Prices by Country

The average ferro-alloys import price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the import price, however, recorded a temperate increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

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 China ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform