Jordan: Stone Polishing Machine Market 2024

Stone Polishing Machine Market Size in Jordan

The Jordanian stone polishing machine market skyrocketed to $X in 2022, rising by 125% against the previous year. In general, consumption continues to indicate a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Stone Polishing Machine Production in Jordan

In value terms, stone polishing machine production rose markedly to $X in 2022 estimated in export price. In general, production posted a resilient expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by 35% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Stone Polishing Machine Exports

Exports from Jordan

In 2022, shipments abroad of grinding or polishing machines for working stone, ceramics and concrete was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a noticeable curtailment. The growth pace was the most rapid in 2015 when exports increased by 6,167% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, stone polishing machine exports expanded significantly to $X in 2022. In general, exports posted resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by 10,954%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Oman (X units), Saudi Arabia (X units) and Yemen (X units) were the main destinations of stone polishing machine exports from Jordan, with a combined 55% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +7.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for stone polishing machine exported from Jordan were Oman ($X), Saudi Arabia ($X) and Free Zones ($X), with a combined 68% share of total exports.

Among the main countries of destination, Free Zones, with a CAGR of +53.9%, recorded the highest rates of growth with regard to the value of exports, 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 stone polishing machine export price amounted to $X per unit, falling by -22.3% against the previous year. In general, the export price, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2019 an increase of 275%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then contracted dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per unit), while the average price for exports to Egypt ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (+43.6%), while the prices for the other major destinations experienced more modest paces of growth.

Stone Polishing Machine Imports

Imports into Jordan

After three years of decline, purchases abroad of grinding or polishing machines for working stone, ceramics and concrete increased by 652% to X units in 2022. Over the period under review, imports recorded a notable expansion. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, stone polishing machine imports soared to $X in 2022. In general, imports, however, continue to indicate a noticeable decrease. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of stone polishing machine to Jordan, accounting for a 86% share of total imports. Moreover, stone polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), eightfold. Italy (X units) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+22.2% per year) and Italy (-21.8% per year).

In value terms, the largest stone polishing machine suppliers to Jordan were China ($X), Turkey ($X) and Italy ($X), together comprising 98% of total imports.

Turkey, with a CAGR of +25.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average stone polishing machine import price amounted to $X per unit, with a decrease of -44% against the previous year. Over the period under review, the import price recorded a abrupt contraction. The growth pace was the most rapid in 2019 when the average import price increased by 66%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform