Jordan: Medical Instruments Market 2024

Medical Instruments Market Size in Jordan

After two years of decline, the Jordanian medical instruments market increased by 1.5% to $X in 2022. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Medical instruments consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Medical Instruments Exports

Exports from Jordan

After four years of decline, shipments abroad of instruments used in medical sciences decreased by 0% to less than X kg in 2022. Over the period under review, exports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 98%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, medical instruments exports declined to $X in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 39%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Free Zones (X tons) was the main destination for medical instruments exports from Jordan, with a 72% share of total exports. Moreover, medical instruments exports to Free Zones exceeded the volume sent to the second major destination, the Netherlands (X tons), more than tenfold. The third position in this ranking was held by Iraq (X tons), with a 4.8% share.

From 2012 to 2019, the average annual growth rate of volume to Free Zones amounted to +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+121.5% per year) and Iraq (-23.6% per year).

In value terms, Free Zones ($X) remains the key foreign market for instruments used in medical sciences exports from Jordan, comprising 68% of total exports. The second position in the ranking was taken by France ($X), with an 8.8% share of total exports. It was followed by the Netherlands, with a 5.5% share.

From 2012 to 2019, the average annual growth rate of value to Free Zones amounted to +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+104.0% per year) and the Netherlands (+71.4% per year).

Export Prices by Country

The average medical instruments export price stood at $X per ton in 2019, surging by 50% against the previous year. Overall, the export price recorded a buoyant expansion. The growth pace was the most rapid in 2018 an increase of 66% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2019, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to France (+32.9%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Instruments Imports

Imports into Jordan

In 2022, purchases abroad of instruments used in medical sciences was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Overall, imports, however, recorded a mild decline. The pace of growth was the most pronounced in 2017 when imports increased by 18%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, medical instruments imports amounted to $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when imports increased by 20%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of medical instruments to Jordan, accounting for a 31% share of total imports. Moreover, medical instruments imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by Egypt (X tons), with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-11.4% per year) and Egypt (+43.1% per year).

In value terms, the United States ($X), Germany ($X) and China ($X) constituted the largest medical instruments suppliers to Jordan, together comprising 54% of total imports. Italy, the United Arab Emirates, Mexico, the UK, Japan, France, Thailand, Turkey, India and Egypt lagged somewhat behind, together comprising a further 31%.

Among the main suppliers, Thailand, with a CAGR of +40.4%, 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 medical instruments import price stood at $X per ton in 2022, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2015 an increase of 25%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

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 Germany ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform