Jordan: Metal Chain Market 2024

Metal Chain Market Size in Jordan

The Jordanian metal chain market rose modestly to $X in 2022, surging by 2.2% against the previous year. In general, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -18.5% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Metal Chain Production in Jordan

In value terms, metal chain production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.3% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 41%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Metal Chain Exports

Exports from Jordan

In 2022, overseas shipments of iron or steel chain increased by 337% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, saw a significant contraction. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal chain exports skyrocketed to $X in 2022. In general, exports, however, saw a drastic downturn. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Syrian Arab Republic (X tons) was the main destination for metal chain exports from Jordan, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Syrian Arab Republic was relatively modest.

In value terms, Syrian Arab Republic ($X) emerged as the key foreign market for iron or steel chain exports from Jordan.

From 2012 to 2022, the average annual rate of growth in terms of value to Syrian Arab Republic was relatively modest.

Export Prices by Country

In 2022, the average metal chain export price amounted to $X per ton, increasing by 84% against the previous year. In general, the export price continues to indicate a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Syrian Arab Republic.

From 2012 to 2022, the rate of growth in terms of prices for Free Zones amounted to +6.2% per year.

Metal Chain Imports

Imports into Jordan

In 2022, supplies from abroad of iron or steel chain decreased by -78.9% to X tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a dramatic setback. The growth pace was the most rapid in 2019 when imports increased by 130% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, metal chain imports fell significantly to $X in 2022. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 132% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of metal chain to Jordan, accounting for a 67% share of total imports. Moreover, metal chain imports from Italy exceeded the figures recorded by the second-largest supplier, South Korea (X tons), sevenfold. The third position in this ranking was taken by China (X tons), with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+7.3% per year) and China (-35.3% per year).

In value terms, Italy ($X) constituted the largest supplier of iron or steel chain to Jordan, comprising 64% of total imports. The second position in the ranking was held by South Korea ($X), with an 8.9% share of total imports. It was followed by China, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+8.6% per year) and China (-24.0% per year).

Import Prices by Country

In 2022, the average metal chain import price amounted to $X per ton, which is down by -6.6% against the previous year. Over the period under review, the import price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 104% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform