Jordan: Market for Iron Or Steel Liquid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Liquid Fuel Domestic Appliances in Jordan

For the third consecutive year, the Jordanian metal liquid fuel appliances market recorded decline in sales value, which decreased by -54.8% to $X in 2022. Overall, consumption showed a abrupt curtailment. Metal liquid fuel appliances consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Exports of Iron Or Steel Liquid Fuel Domestic Appliances

Exports from Jordan

After two years of growth, overseas shipments of iron or steel liquid fuel domestic appliances decreased by -12.1% to X units in 2022. Overall, exports, however, enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2014 when exports increased by 286%. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, metal liquid fuel appliances exports fell to $X in 2022. In general, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 520%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Free Zones (X units) was the main destination for metal liquid fuel appliances exports from Jordan, with a 78% share of total exports. Moreover, metal liquid fuel appliances exports to Free Zones exceeded the volume sent to the second major destination, China (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Free Zones stood at +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+3.8% per year) and Iraq (-8.9% per year).

In value terms, Free Zones ($X) remains the key foreign market for iron or steel liquid fuel domestic appliances exports from Jordan, comprising 78% of total exports. The second position in the ranking was taken by China ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Free Zones totaled +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+5.9% per year) and Iraq (-7.2% per year).

Export Prices by Country

The average metal liquid fuel appliances export price stood at $X per unit in 2022, approximately reflecting the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal liquid fuel appliances export price decreased by -0.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 61% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Iraq ($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 China (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Liquid Fuel Domestic Appliances

Imports into Jordan

In 2022, metal liquid fuel appliances imports into Jordan fell remarkably to X units, dropping by -37.5% compared with the previous year's figure. In general, imports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2019 when imports increased by 234%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, metal liquid fuel appliances imports contracted dramatically to $X in 2022. Over the period under review, imports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2019 when imports increased by 219%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X units), China (X units) and Japan (X units) were the main suppliers of metal liquid fuel appliances imports to Jordan, together comprising 96% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +23.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, South Korea ($X), China ($X) and Japan ($X) constituted the largest metal liquid fuel appliances suppliers to Jordan, with a combined 96% share of total imports.

South Korea, with a CAGR of +19.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average metal liquid fuel appliances import price amounted to $X per unit, falling by -20.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2020 an increase of 21%. The import price peaked at $X per unit in 2021, and then fell sharply in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Syrian Arab Republic ($X per unit) and Japan ($X per unit), while the price for China ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform