Jordan: Market for Hot-Rolled Bars In Bearing Steels 2025

Market Size for Hot-Rolled Bars In Bearing Steels in Jordan

In 2022, the Jordanian hot-rolled bearing steel bar market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2017 when the market value increased by 8.4%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Hot-Rolled Bars In Bearing Steels in Jordan

In value terms, hot-rolled bearing steel bar production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production recorded modest growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 67%. Hot-rolled bearing steel bar production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Hot-Rolled Bars In Bearing Steels

Exports from Jordan

In 2022, the amount of hot-rolled bars in bearing steels exported from Jordan skyrocketed to X tons, jumping by 34% against the previous year. Over the period under review, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 126% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, hot-rolled bearing steel bar exports soared to $X in 2022. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 164%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Free Zones (X tons) was the main destination for hot-rolled bearing steel bar exports from Jordan, with a 91% share of total exports. Moreover, hot-rolled bearing steel bar exports to Free Zones exceeded the volume sent to the second major destination, Israel (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Free Zones totaled +27.6%.

In value terms, Free Zones ($X) remains the key foreign market for hot-rolled bars in bearing steels exports from Jordan, comprising 83% of total exports. The second position in the ranking was held by Israel ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Free Zones stood at +19.7%.

Export Prices by Country

In 2022, the average hot-rolled bearing steel bar export price amounted to $X per ton, which is down by -5.7% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled bearing steel bar export price increased by +130.8% against 2014 indices. The growth pace was the most rapid in 2016 an increase of 39% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to Free Zones totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+12.8%).

Imports of Hot-Rolled Bars In Bearing Steels

Imports into Jordan

In 2022, overseas purchases of hot-rolled bars in bearing steels were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 21,277%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, hot-rolled bearing steel bar imports soared to $X in 2022. Overall, imports, however, showed a pronounced reduction. The growth pace was the most rapid in 2019 when imports increased by 14,352%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey (X tons), Saudi Arabia (X tons) and Germany (X tons) were the main suppliers of hot-rolled bearing steel bar imports to Jordan, together accounting for 64% of total imports. China, Italy, Belgium, the United Arab Emirates and the Netherlands lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +16.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Turkey ($X) and China ($X) constituted the largest hot-rolled bearing steel bar suppliers to Jordan, together accounting for 55% of total imports. Saudi Arabia, Belgium, the Netherlands, the United Arab Emirates and Italy lagged somewhat behind, together comprising a further 44%.

Among the main suppliers, Saudi Arabia, with a CAGR of +15.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hot-rolled bearing steel bar import price stood at $X per ton in 2022, dropping by -29.3% against the previous year. Over the period under review, the import price, however, continues to indicate a mild expansion. The most prominent rate of growth was recorded in 2017 an increase of 100% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then declined markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform