Jordan: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2024

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in Jordan

The Jordanian market for floor, wall or ceiling coverings of plastics reached $X in 2022, with an increase of 8.5% 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). The market value increased at an average annual rate of +4.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from Jordan

In 2022, exports of floor, wall or ceiling coverings of plastics from Jordan declined remarkably to X square meters, with a decrease of -17.6% compared with the previous year. Overall, exports showed a precipitous setback. The growth pace was the most rapid in 2017 with an increase of 142% against the previous year. As a result, the exports attained the peak of X square meters. From 2018 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of floor, wall or ceiling coverings of plastics dropped to $X in 2022. In general, exports showed a deep slump. The pace of growth appeared the most rapid in 2017 when exports increased by 137% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Saudi Arabia (X square meters) was the main destination for exports of floor, wall or ceiling coverings of plastics from Jordan, with a 69% share of total exports. Moreover, exports of floor, wall or ceiling coverings of plastics to Saudi Arabia exceeded the volume sent to the second major destination, Free Zones (X square meters), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia was relatively modest.

In value terms, Saudi Arabia ($X) remains the key foreign market for floor, wall or ceiling coverings of plastics exports from Jordan, comprising 72% of total exports. The second position in the ranking was held by Free Zones ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia stood at +4.4%.

Export Prices by Country

The average export price for floor, wall or ceiling coverings of plastics stood at $X per square meter in 2022, with an increase of 15% against the previous year. Over the period under review, the export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2014 an increase of 64%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per square meter), while the average price for exports to Free Zones amounted to $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into Jordan

After two years of decline, purchases abroad of floor, wall or ceiling coverings of plastics increased by 4% to X square meters in 2022. Over the period under review, imports, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2019 when imports increased by 19%. As a result, imports reached the peak of X square meters. From 2020 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of floor, wall or ceiling coverings of plastics reached $X in 2022. The total import value increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 29%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest plastic floor, wall and ceiling coverings supplier to Jordan, with a 61% share of total imports. Moreover, imports of floor, wall or ceiling coverings of plastics from China exceeded the figures recorded by the second-largest supplier, Belgium (X square meters), sevenfold. The third position in this ranking was taken by Saudi Arabia (X square meters), with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-3.9% per year) and Saudi Arabia (+2.9% per year).

In value terms, China ($X) constituted the largest supplier of floor, wall or ceiling coverings of plastics to Jordan, comprising 61% of total imports. The second position in the ranking was held by Belgium ($X), with a 9% share of total imports. It was followed by Saudi Arabia, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-2.8% per year) and Saudi Arabia (+8.9% per year).

Import Prices by Country

In 2022, the average import price for floor, wall or ceiling coverings of plastics amounted to $X per square meter, increasing by 4.7% against the previous year. Overall, the import price showed a resilient expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 65% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Saudi Arabia ($X per square meter) and Turkey ($X per square meter), while the price for South Korea ($X per square meter) and France ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform