Jordan: Semi-Manufactured Gold Market 2025

Semi-Manufactured Gold Market Size in Jordan

The Jordanian semi-manufactured gold market contracted sharply to $X in 2022, which is down by -29.1% against the previous year. In general, consumption, however, saw a significant increase. As a result, consumption reached the peak level of $X, and then dropped remarkably in the following year.

Semi-Manufactured Gold Production in Jordan

In value terms, semi-manufactured gold production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 9.9%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Semi-Manufactured Gold Exports

Exports from Jordan

In 2022, overseas shipments of gold, in semi-manufactured forms decreased by -63.6% to X kg, falling for the second year in a row after three years of growth. Over the period under review, exports showed a sharp decline. The pace of growth was the most pronounced in 2020 with an increase of 20% against the previous year. Over the period under review, the exports hit record highs at X kg in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, semi-manufactured gold exports contracted markedly to $X in 2022. In general, exports saw a precipitous contraction. The most prominent rate of growth was recorded in 2020 with an increase of 1,009% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X kg), Saudi Arabia (X kg) and Turkey (X kg) were the main destinations of semi-manufactured gold exports from Jordan, together comprising 75% of total exports.

From 2016 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for gold, in semi-manufactured forms exports from Jordan, comprising 56% of total exports. The second position in the ranking was taken by Qatar ($X), with a 24% share of total exports. It was followed by Turkey, with a 12% share.

From 2016 to 2022, the average annual growth rate of value to Saudi Arabia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (0.0% per year) and Turkey (0.0% per year).

Export Prices by Country

In 2022, the average semi-manufactured gold export price amounted to $X per kg, declining by -10.1% against the previous year. Overall, the export price recorded a deep contraction. The pace of growth was the most pronounced in 2020 an increase of 824%. The export price peaked at $X per kg in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-4.7%), while the prices for the other major destinations experienced a decline.

Semi-Manufactured Gold Imports

Imports into Jordan

In 2022, the amount of gold, in semi-manufactured forms imported into Jordan declined notably to X tons, reducing by -36.4% against the previous year. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 1,127%. As a result, imports reached the peak of X tons, and then dropped rapidly in the following year.

In value terms, semi-manufactured gold imports fell significantly to $X in 2022. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 1,038%. As a result, imports reached the peak of $X, and then dropped dramatically in the following year.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of semi-manufactured gold to Jordan, with a 69% share of total imports. Moreover, semi-manufactured gold imports from Indonesia exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. The third position in this ranking was held by Switzerland (X kg), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia stood at -9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+46.6% per year) and Switzerland (+54.6% per year).

In value terms, Indonesia ($X) constituted the largest supplier of gold, in semi-manufactured forms to Jordan, comprising 71% of total imports. The second position in the ranking was held by Italy ($X), with a 14% share of total imports. It was followed by Switzerland, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia amounted to -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+48.7% per year) and Switzerland (+51.3% per year).

Import Prices by Country

In 2022, the average semi-manufactured gold import price amounted to $X per kg, growing by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. As a result, import price attained the peak level and is likely to continue 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 Switzerland ($X per kg), while the price for the United Arab Emirates ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform