Jordan: Market for Gearboxes and Speed Changers 2025

Market Size for Gearboxes and Speed Changers in Jordan

The Jordanian gearboxes and speed changers market shrank dramatically to $X in 2022, reducing by X% 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). Overall, consumption recorded a abrupt decline. Gearboxes and speed changers consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Gearboxes and Speed Changers

Exports from Jordan

For the third year in a row, Jordan recorded growth in overseas shipments of gearboxes and speed changers, which increased by X% to X tons in 2022. Overall, exports continue to indicate a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, gearboxes and speed changers exports skyrocketed to $X in 2022. Over the period under review, exports saw a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Free Zones (X tons) was the main destination for gearboxes and speed changers exports from Jordan, accounting for a X% share of total exports. Moreover, gearboxes and speed changers exports to Free Zones exceeded the volume sent to the second major destination, Denmark (X tons), fourfold. The third position in this ranking was taken by Germany (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Free Zones stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Germany (X% per year).

In value terms, Free Zones ($X) emerged as the key foreign market for gearboxes and speed changers exports from Jordan, comprising X% of total exports. The second position in the ranking was taken by Denmark ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Free Zones stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average gearboxes and speed changers export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price saw a buoyant expansion. The most prominent rate of growth was recorded in 2019 an increase of X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Saudi Arabia ($X per ton) and Denmark ($X per ton), while the average price for exports to Germany ($X per ton) and Free Zones ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gearboxes and Speed Changers

Imports into Jordan

In 2022, approx. X tons of gearboxes and speed changers were imported into Jordan; reducing by X% on 2021 figures. Overall, imports saw a pronounced downturn. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, gearboxes and speed changers imports contracted notably to $X in 2022. In general, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), China (X tons) and Germany (X tons) were the main suppliers of gearboxes and speed changers imports to Jordan, with a combined X% share of total imports. Canada, Italy, South Korea, France and Turkey lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Germany ($X) constituted the largest gearboxes and speed changers suppliers to Jordan, together comprising X% of total imports. Canada, Italy, South Korea, France and Turkey lagged somewhat behind, together accounting for a further X%.

South Korea, with a CAGR of X%, saw the highest rates of growth with regard to 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 gearboxes and speed changers import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Turkey ($X per ton) and France ($X per ton), while the price for South Korea ($X per ton) and Canada ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform