Jordan: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Jordan

The Jordanian plastic household articles market rose notably to $X in 2022, growing by 7.8% against the previous year. In general, consumption enjoyed a resilient increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Plastic Household Articles Production in Jordan

In value terms, plastic household articles production rose notably to $X in 2022 estimated in export price. Overall, production continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 80% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Plastic Household Articles Exports

Exports from Jordan

In 2022, the amount of household articles and toilet articles of plastics exported from Jordan shrank to X tons, falling by -12.9% against the previous year's figure. Over the period under review, exports saw a pronounced decrease. The growth pace was the most rapid in 2014 with an increase of 172% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, plastic household articles exports declined slightly to $X in 2022. In general, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 237% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for plastic household articles exports from Jordan, accounting for a 63% share of total exports. Moreover, plastic household articles exports to Saudi Arabia exceeded the volume sent to the second major destination, Palestine (X tons), threefold. Kuwait (X tons) ranked third in terms of total exports with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia totaled +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Palestine (+12.1% per year) and Kuwait (-20.0% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for household articles and toilet articles of plastics exports from Jordan, comprising 63% of total exports. The second position in the ranking was taken by Palestine ($X), with a 19% share of total exports. It was followed by Kuwait, with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to +18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Palestine (+32.1% per year) and Kuwait (-10.4% per year).

Export Prices by Country

The average plastic household articles export price stood at $X per ton in 2022, picking up by 13% against the previous year. Overall, the export price saw a strong increase. The most prominent rate of growth was recorded in 2020 an increase of 140% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Iraq ($X per ton) and Saudi Arabia ($X per ton), while the average price for exports to Libya ($X per ton) and Israel ($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 Sri Lanka (+32.6%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Articles Imports

Imports into Jordan

In 2022, overseas purchases of household articles and toilet articles of plastics decreased by -20.7% to X tons, falling for the third consecutive year after four years of growth. Overall, imports recorded a noticeable slump. The pace of growth appeared the most rapid in 2013 with an increase of 32%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, plastic household articles imports dropped markedly to $X in 2022. In general, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 26% against the previous year. Imports peaked at $X in 2021, and then contracted markedly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest plastic household articles supplier to Jordan, with a 59% share of total imports. Moreover, plastic household articles imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+0.8% per year) and the United Arab Emirates (-14.3% per year).

In value terms, China ($X) constituted the largest supplier of household articles and toilet articles of plastics to Jordan, comprising 59% of total imports. The second position in the ranking was held by Turkey ($X), with an 18% share of total imports. It was followed by the United Arab Emirates, with a 5.8% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+5.1% per year) and the United Arab Emirates (-9.8% per year).

Import Prices by Country

In 2022, the average plastic household articles import price amounted to $X per ton, waning by -7.4% against the previous year. In general, the import price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 80%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then declined in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United Arab Emirates ($X per ton) and China ($X per ton), while the price for Italy ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform